The market is expected to remain rangebound and consolidative in the upcoming sessions. Below are some short-term trading ideas to consider.
Stocks to Watch Today, 28 July: Stocks like Kotak Mahindra Bank, Central Depository Services, Balkrishna Industries, Orient Cement, Tata Chemicals, Poonawalla Fincorp, VA Tech Wabag, RITES, Sigachi Industries, and Ola Electric Mobility will be in focus on July 28.
Soda ash, a key product of Tata Chemicals, is seeing excess supplies and soft demand in global markets
India has also started an anti-dumping probe into overseas supplies of low-ash met coke from Australia, China, Colombia, Indonesia, Japan, and Russia.
The company in a regulatory filing said that Chandrasekaran in his letter dated May 28, 2025 has informed Tata Chemicals of his intention to step down
Stocks to Watch, 08 May: Stocks like Tata Chemicals, Mangalore Chemicals and Fertilizers, Sonata Software, Satin Creditcare Network, Somany Ceramics, Niva Bupa Health Insurance Company, Kfin Technologies, Astral, Mahindra and Mahindra, Suven Pharmaceuticals, and Vodafone Idea will be in focus on May 8.
The market is expected to see more weakness in the upcoming sessions, given the dismal global cues. Below are some trading ideas for the near term.
"Buy when there's blood in the streets, even if the blood is your own." -Baron Rothschild
Tata Chemicals reported a net loss of Rs 21 crore for the third quarter ending December 2024, while the revenue from operations fell 3.8% on year.
Tata Chemicals anticipates the challenging demand-supply dynamics to persist in the near term, keeping earnings under pressure.
The stocks of the companies announcing Q3 results will be kept under active watch. Notably, markets have been seeing a downtrend after Finance Minister Nirmala Sitharaman announced the Budget 2025-2026 on February 1.
The scheme will be effective till June 30, 2025, says DGFT
Motilal Oswal recommended Neutral rating on Tata Chemicals with a target price of Rs 1070 in its research report dated October 17, 2024.
Tata Chemicals' Q2 profit plunged 55 percent, hurt by falling soda ash prices and rising freight costs, leading Morgan Stanley to maintain an 'Underweight' rating with a target price of Rs 880.
CEAT, 5Paisa Capital, Quick Heal Technologies, Kotak Mahindra Bank, Nitco, Adani Enterprises, Aether Industries, Zydus Lifesciences, Coromandel International, and Mahanagar Telephone Nigam will also be in focus on October 18.
An economic downturn in China and stagnant demand in the EU have hit prices of soda ash, which is the primary business segment for Tata Chemicals
The Nifty 50 is expected to consolidate with a positive bias as long as it defends the rising support trendline. Below are some trading ideas for the near term.