May 6, 2019 / 6:13 AM / 3 months ago

BUZZ-India's Tata Chemicals rises on March-qtr results

** Shares of Tata Chemicals Ltd rise as much 6.44 pct to 592.35 rupees, their biggest intra-day pct gain since Oct. 2017

** Co posts a fall of 65 pct in March-qtr profit; last year it benefited from a one-off gain of 12.67 bln rupees

** Posts 26.5 pct rise in profit before exceptional items

** More than 2.3 mln shares change hands compared to the 30-day average of 708,112 shares

** Co’s forward PE of 13.7 is higher than sector average of -115.11

** Stock is up to the highest in a fortnight but has lost 21.3 pct this year as of Friday’s close

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