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A select bunch of investors are taking a long call on Tata Chemicals expecting a significant valuation upside in view of its scale and global presence.

After the recent overseas acquisition, it is now reckoned amongst the largest soda ash manufacturers of the world. Its current reach in the highest demand generating Asia-Pacific region and an exceptional growth prospect have drawn new bets, market observers commented. The intrinsic value of the company's investments in other Group companies is considered as gold mine.

The stock has shot up to Rs 260, its 52-week high, but retraced on overall negative sentiment in the market to finish at Rs 246.65 on the BSE with a traded volume of 6.38 lakh shares (2-week average 4.26 lakh shares).

Jayanta Mallick

More Stories on : Stock Markets | Ear to the ground | Chemicals | Tata Chemicals Ltd

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