Tata Chemicals shares fall over 4% on first-ever quarterly loss in nine years; Kotak Equities screams sell
Tata Chemicals witnessed a 4.5% decline in shares, hitting a days low of Rs 1,050 on BSE. This drop followed the companys announcement of its first quarterly loss in nine years. Kotak Institutional Equities issued a sell rating on the stock, setting a target price of Rs 770, indicating a potential downside of nearly 29%.
Source: indiatimes.com