Tuesday, 16 February 2016

Stock Market Tips and Investment Strategy by MarketMagnify

Tata Chemicals unit to sell stake in Gez Mauritius for $5.5 million

 

Tata Chemicals Ltd has entered into an agreement with Rademan Janse van Rensburg for sale of its entire stake in Grown Energy Zambeze Holdings, Mauritius (‘GEZ Mauritius’) for a consideration of US$ 5.5 million.

Stock Cash Premium 

Stock view: 

Tata Chemicals Ltd ended at Rs. 340.65, up by Rs. 5.9 or 1.76% from its previous closing of Rs. 334.75 on the BSE.

 

The scrip opened at Rs. 344.95 and touched a high and low of Rs. 344.95 and Rs. 328.05 respectively. A total of 562082(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8678.4 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 525.7 on 23-Jul-2015 and a 52 week low of Rs. 324.9 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 375 and Rs. 324.9 respectively.

The promoters holding in the company stood at 30.98 % while Institutions and Non-Institutions held 47.48 % and 21.54 % respectively.

The stock traded above its 200 DMA.

1 comment:

  1. These Share Market Tips suggestion are really helpful and important, because it is the outcome of great research and analysis because they have long been in the market and are conscious of every situation of the market.

    ReplyDelete