Remain invested in Tata Chemicals, target Rs 800: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "The long term investors should hold Tata Chemicals putting a stoploss below Rs 550 because Rs 561 happens to be the 13-month moving average and it has not fallen below that on closing price basis since it started moving up from the level of Rs 200. On the upside, I would project a target of Rs 800 for one year and a two year target would be Rs 1,000."

At 15:09 hrs Tata Chemicals was quoting at Rs 614.55, down Rs 3.40, or 0.55 percent on the BSE.

The share touched its 52-week high Rs 665.10 and 52-week low Rs 468.05 on 04 May, 2017 and 21 November, 2016, respectively.