Accumulate Tata Chemicals Says Prabhudas Lilladher

ACCUMULATE TATA TEA

Prabhudas Lilladher in its recent research report dated May 26, 2010 has come out with a accumulate rating on the stock Tata Chemicals (TCL).

Prabhudas Lilladher says in the research report “Tata Chemials (TCL) has indicated in its post result conference call that Brunner Mond could see volumes lower by 10% due to European economy issues and GCIP could see pressure due to Chinese dumping during FY11.

Hence, we believe that Tata Chemical’s (TCL)’s soda ash business could see some pressure, going forward. But, we are positive on the fertiliser business prospects of the company.

We maintain our accumulate rating on the stock.”