InvestorQ : Why did Tata Chemicals stock price fall so sharply on 04 May?
Dawn Cherian made post

Why did Tata Chemicals stock price fall so sharply on 04 May?

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Mitali Bhutta answered.
1 month ago
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Tata Chemicals fell 8% to Rs.721.85 on 05 May after the results announced on Monday disappointed the street. Tata Chem EBITDA margins contracted 610 basis points to 10.7% as its margins got impacted by lower sales realisation despite higher volumes. The top line growth of Tata Chemicals was driven by growth in specialty products. Despite strong soda ash prices, the one-time hit in US and UK operations also took its toll on the performance.

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