Shares of Tata Chemicals secured a nearly 9% gain in morning trade on Wednesday after the company reported strong first-quarter earnings.
The company’s shares opened on a bullish note at Rs 999.95, then jumped further to touch Rs 1,043, registering an increase of 8.96% over its previous close. On the NSE (National Stock Exchange), the stock opened at Rs 1,015, ascending to Rs 1,038.05. This was higher by 8.47% over its last close.

Tata Chemicals on Tuesday reported an 86.25% increase in consolidated net profit to Rs 637 crore during the quarter ending June 30. Reportedly, the company’s net profit in the corresponding quarter of the previous fiscal was Rs 342 crore. The company’s revenue from operations rose 34.15% during the quarter under review at Rs 3,995 crore. The figure was Rs 2,978 crore in the same period of last fiscal year.

Headquartered in Mumbai, Tata Chemicals Limited is a global company dealing in chemicals, crop protection and speciality chemistry products. A subsidiary of the Tata Group conglomerate, the company is one of the largest chemical companies in India, having a presence in Europe, North America and Africa.