Tata Chemicals rises 6% post Q4 numbers; board recommends 125% dividend

Shares of Tata Chemicals rose 6 percent intraday Monday as company reported good set of numbers for the quarter ended March 2019.

The company posted 31 percent jump in its standalone net profit at Rs 230.33 crore in Q4FY19 against Rs 175.20 in the same quarter last year.

Revenue of the company was up 15 percent at Rs 1059.02 crore versus Rs 918.25 crore.

The board has recommended a dividend of Rs 12.50 per share i.e. 125 percent for the financial year 2018-19.

At 11:45 hrs Tata Chemicals was quoting at Rs 589.65, up Rs 32.15, or 5.77 percent on the BSE.

The share touched its 52-week high Rs 786.95 and 52-week low Rs 550 on 04 May, 2018 and 15 February, 2019, respectively.
Currently, it is trading 25.15 percent below its 52-week high and 7.1 percent above its 52-week low.

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