"As of now, the resistances are gradually shifting higher. Earlier, the hurdles were near to 18,442 and are shifting even lower to the 18,350-18,300 zone. With this setup, we suggest selling on any bounce with resistance at 18,300. We are expecting this index to go down below 18,000 and test the next support of 17,950."

There are only two people who know the Nifty target. One is God. The other is a liar. No one knows where the markets will go, Manu Rishi Guptha said

However, the volatility in equity markets this year, triggered by the hawkish monetary policy measures by central banks amid spiralling inflation have seen stocks in this space lose some sheen.

“In the medium to long term, soda ash demand is going to be firm and the prices are likely to be firm also. A small dip which has happened this quarter may continue for another quarter. We have taken a price correction of around 2.5% to 3%. I do not see any major drop going forward from here. In my view, prices will remain firm or balanced to firm, going forward.”

Motilal Oswal recommended Neutral rating on Tata Chemicals with a target price of Rs 1250 in its research report dated October 28, 2022.

ICICI Direct is bullish on Tata Chemicals recommended buy rating on the stock with a target price of Rs 1345 in its research report dated October 29, 2022.

The net income of the company surged 39.62% to Rs 4,299 crore during the quarter under review against Rs 3,079 crore in the corresponding quarter last year.The expenses increased to Rs 3,623 crore during the second quarter from Rs 2,805 crore in the year-ago period.

The Tata group company reported income from operations on a consolidated basis at Rs 4,239 crore, up by 40 percent from the year-ago quarter. The operating income is lower than expected, say analysts

Net income rose 39.62 per cent to Rs 4,299 crore as against Rs 3,079 crore in the year-ago period.

Global equity investors parsed mixed messages Thursday as Chinese shares looked set for further recovery while weak tech earnings clouded the outlook for US stocks. Treasury yields fell.

“Despite the uneven distribution of monsoon, domestic business leveraged our geographic and portfolio diversity to achieve growth. While margins were satisfactory in the domestic business, international business margins were lower compared to Q2 of the previous financial year. Going forward, we continue to remain focused on our long-term growth plans of new product introduction and capital investment.

Tata Chemicals Ltd., incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 29572.11 Crore) operating in Chemicals sector.

Continuing its daily rising trend, the stock surpassed its prior swing high of Rs 63 and rose to fresh 10-year high of Rs 66. It has potential to move towards Rs 75 in the short-term and Rs 95 in the medium-term. The stock is positively poised above its major moving averages, and key technical indicators also favor the bulls. We believe undergoing positive momentum will continue.

Tata Chemicals Ltd., incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 29572.11 Crore) operating in Chemicals sector.

Sectorally, selling pressure was seen in oil & gas, banks, auto, pharma, and FMCG stocks while some buying was visible in IT and media stocks.

Continuing its daily rising trend, the stock surpassed its prior swing high of Rs 63 and rose to fresh 10-year high of Rs 66. It has potential to move towards Rs 75 in the short-term and Rs 95 in the medium-term. The stock is positively poised above its major moving averages, and key technical indicators also favor the bulls. We believe undergoing positive momentum will continue.

KPIT Technologies after giving a breakout from the rounding bottom pattern in September 2022 indicated beginning of the trend on the upside.