Tata Chemicals soaring towards Rs 500 and beyond ~ Fertiliser Business Sale Fertilising!?
Tata Chemicals’ on the Roll ! up @ 18% this month ! including the 6%+ run up today on highest volumes this month
As this month of July began I was quoted by Economic Times on July 1,2015 itself in their headline story on Tata Chemicals
Quoted By Economic Times For My US $ One Billion Valuation Of Fertliser Business Of Tata Chemicals
The Share Price which was at Rs 415 -Rs 420 levels as June closed shot up past Rs 430 with heavy NSE Volumes of over 1 million shares before dropping back
But look at today’s NSE Volumes of over 2 Million shares,coming on the back of two consecutive days of over 0.6 million shares each day !
Share Price has zoomed to a high of Rs 495 before settling lower at Rs 487+
Have highlighted the abnormal Volume Days in Bold Green so far in July
|
Date |
Close in Rs |
Trade Volume |
|
16-Jul-2015 |
487.60 |
20,96,459 |
|
15-Jul-2015 |
460.20 |
6,17,554 |
|
14-Jul-2015 |
449.25 |
6,06,401 |
|
13-Jul-2015 |
444.00 |
2,17,645 |
|
10-Jul-2015 |
442.05 |
1,51,916 |
|
09-Jul-2015 |
442.55 |
2,17,263 |
|
08-Jul-2015 |
437.95 |
3,43,375 |
|
07-Jul-2015 |
449.25 |
3,44,147 |
|
06-Jul-2015 |
441.30 |
3,00,353 |
|
03-Jul-2015 |
434.60 |
1,36,190 |
|
02-Jul-2015 |
434.00 |
2,07,201 |
|
01-Jul-2015 |
437.10 |
10,19,711 |
|
30-Jun-2015 |
420.90 |
2,00,767 |
It’s also quoted in the F & O Segment with a Contract Lot of 500 !
Clearly a lot seems to be fertilising on the fertiliser segment sale by Tata Chemicals ! and I’ve opined for a year now that they must sell this low returns business segment if they get a good Valuation and they will ! and the Share Price consequently can move up very strongly even from here !
Disclaimer : Tata Chemicals was recommended to clients in January 2015 as a SS 2 Select and we would have an interest in it