Tata Chemicals trades in green on the BSE

Tata Chemicals is currently trading at Rs. 584.20, up by 3.65 points or 0.63 % from its previous closing of Rs. 580.55 on the BSE.

The scrip opened at Rs. 582.40 and has touched a high and low of Rs. 590.85 and Rs. 582.05 respectively. So far 53228 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 590.85 on 22-Feb-2017 and a 52 week low of Rs. 310.05 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 590.85 and Rs. 549.00 respectively. The current market cap of the company is Rs. 14890.50 crore.

The promoters holding in the company stood at 30.80%, while Institutions and Non-Institutions held 48.23% and 20.97% respectively.

Tata Chemicals’ Haldia plant will remain shut from February 21, 2017 to April 15, 2017 on account of ammonia pipeline relocating project hook up and commissioning, along with annual shutdown of the plant for planned repair and maintenance work. The said plant manufactures DAP (Diammonium phosphate), SSP (Single superphosphate) and complex NPK (Nitrogen, Phosphorus, Potassium) fertilisers wherein ammonia is used as one of the feedstock. The company in April last year had signed a Memorandum of Understanding (MoU) with Sanjana Cryogenics Storage (SCSL), its ammonia terminal operator, for rerouting a portion of the ammonia pipeline that runs from Haldia Dock to ammonia storage tank.

A part of the over $100 billion Tata Group, Tata Chemicals is a global company with interests in businesses that focus on essentials for LIFE (Living, Industry and Farm Essentials). The story of the company is about harnessing the fruits of science for goals that go beyond business.          

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The US stock market is 'fragile' right now, expert says

investors' enthusiasm for President Donald Trump's guarantees of tax cuts, deregulation and financial stimulus has left the market in a "fragile spot," expert Ernesto Ramos warned Tuesday.

that is as a result of they are not necessarily taking into consideration the general image, he instructed CNBC.

"one hundred percent of the prospective positives which were announced … by the Trump administration were priced in by means of the markets and as far as we are able to inform very little of the prospective negatives when it comes to exchange wars ... immigration and even perhaps geopolitical risks have been priced in," the top of equities at BMO world Asset administration stated in an interview with CNBC's "energy Lunch."

shares soared after Trump's election as buyers cheered his professional-growth message. the key indexes have just lately held around all-time highs as buyers wait for more details on the administration's policies.

while he sees near-term risks in the market, Ramos said he nonetheless needs to own equities. he is simply now not going with the consensus of investing in professional-boom, cyclical shares.

"We need to be uncovered to equities because we see the prospective positives coming through. then again we wish to do it a protecting low-risk means," he stated. "we're taking a look actively for underpriced, low-chance stocks to place our money, with secure working revenue fashions."

He particularly likes Verizon, American express and CVS.

VISIT - Wealth Research