Buy Tata Chemicals ; target of Rs 404: Motilal Oswal

Motilal Oswal is bullish on Tata Chemicals recommended buy rating on the stock with a target price of Rs 404 in its research report dated July 25, 2020.

Broker Research

July 28, 2020 / 12:06 PM IST

live

bselive
nselive

Volume

Todays L/H

Motilal Oswal 's research report on Tata Chemicals

Tata Chemicals’ (TTCH) FY20 Annual Report highlights its performance across key product categories and geographies. FY20 was a year of restructuring for TTCH as its Consumer Products division was demerged and merged with Tata Consumer Products (TCPL) with an equity swap ratio of 1:14. TTCH’s revenue/EBITDA in FY20 grew 0.2%/9.5% to ~INR103b/INR19.5b. Key insights highlighted below:

Outlook

We value the stock on SOTP basis to arrive at a target price of INR404. Maintain Buy.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.