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Firstsource Solutions Ltd, Tata Investment Corporation Ltd, Afcons Infrastructure Ltd and Zensar Technologies Ltd are among the other gainers in the BSE's 'A' group today, 15 September 2026.
Tata Chemicals Ltd soared 20.00% to Rs 734.5 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 40922 shares were traded on the counter so far as against the average daily volumes of 32776 shares in the past one month.
Firstsource Solutions Ltd spiked 14.21% to Rs 282.9. The stock was the second biggest gainer in 'A' group. On the BSE, 8.19 lakh shares were traded on the counter so far as against the average daily volumes of 58295 shares in the past one month.
Tata Investment Corporation Ltd surged 10.91% to Rs 722.1. The stock was the third biggest gainer in 'A' group. On the BSE, 13.91 lakh shares were traded on the counter so far as against the average daily volumes of 36434 shares in the past one month.
Afcons Infrastructure Ltd exploded 9.86% to Rs 279. The stock was the fourth biggest gainer in 'A' group. On the BSE, 16.92 lakh shares were traded on the counter so far as against the average daily volumes of 85661 shares in the past one month.
Zensar Technologies Ltd rose 9.55% to Rs 465.75. The stock was the fifth biggest gainer in 'A' group. On the BSE, 23.57 lakh shares were traded on the counter so far as against the average daily volumes of 51238 shares in the past one month.
According to the reports, Ruto criticised Tata Chemicals Magadi Limited (TCML) over its contribution to the Kenyan economy. He said the company had not done enough to create jobs and promote local value addition.
The reports said Kenya plans to bring in new investors for the Lake Magadi operations. The new investors would reportedly be required to establish glass and chemical processing facilities in Kajiado to boost local processing and employment.
The development follows a 28 July 2026 communication from Kenya's Ministry of Mining, Blue Economy and Maritime Affairs. According to reports, the ministry had directed TCML to suspend mining operations and soda ash exports over regulatory and compliance concerns.
Tata Chemicals, however, clarified on 4 September that TCML had submitted all required information, reports and documentation to the ministry on 11 August 2026. The company said TCML is fully compliant with regulatory requirements.
The company said TCML had provided a comprehensive response to the matters raised by the ministry and was awaiting its review and further direction.
Tata Chemicals said it respects the authority of the Kenyan government and remains committed to resolving the outstanding matters through the appropriate legal and regulatory channels.
Tata Chemicals is a leading supplier of choice to glass, detergent, industrial and chemical sectors. The company has a strong position in the crop protection business through its subsidiary company, Rallis India.
The company reported a consolidated net loss of Rs 17 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with a net profit of Rs 525 crore in the corresponding quarter last year. Revenue from operations increased 14.41% year-on-year (YoY) to Rs 4,255 crore during the quarter.
The aforementioned contract is to be serviced from September 2026 through December 2028. These contracts are expected to generate revenues of more than $110 million over the contract period.
TCNA emerged as the successful bidder for these contracts in the Chapter 11 bankruptcy proceedings of Searles Valley Minerals (SVM), USA.
TCNA will acquire the contracts and related commercial rights for a cash consideration of US$21.16 million, with the transaction already approved by the U.S. Bankruptcy Court for the District of Delaware, subject to customary customer-related closing conditions.
The acquisition strengthens TCNA's position in the North American soda ash market by expanding its domestic customer base and enhancing long-term customer relationships. The transaction is expected to improve demand visibility, support customer retention, and drive sustainable value creation.
R. Mukundan, CEO & managing director, Tata Chemicals, said: 'This acquisition represents a strategic opportunity to strengthen our presence in the North American soda ash market and expand our customer base.
The acquired contracts secure over 500,000 metric tonnes of demand and are expected to generate revenues exceeding $110 million through December 2028.'
The scrip fell 1.64% to currently trade at Rs 645.80 on the BSE.
Tata Chemicals North America Inc. (TCNA), a wholly owned subsidiary of Tata Chemicals, has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of Searles Valley Minerals Inc. (SVM), USA, for the acquisition of North American soda ash customer contracts of SVM representing over half million metric tons customer orders through December 2028.
This strengthens TCNA's customer portfolio by securing domestic North American customers. Thus, enhancing its ability to build long-term customer relationships and improve customer retention and supporting long-term value creation.
In this regard, TCNA has entered into an Assignment and Assumption Agreement (ASA) with SVM for the acquisition of the certain soda ash customer contracts. The completion of the transaction remains subject to the satisfaction of the conditions and other terms set out in the ASA.
Further, the United States Bankruptcy Court for the District of Delaware has approved the assignment and assumption of the specified customer contracts from SVM to TCNA pursuant to the ASA.
Profit before tax (PBT) dropped 69.44% YoY to Rs 110 crore in Q1 FY27.
EBITDA fell 14.48% YoY to Rs 555 crore from Rs 649 crore in Q1 FY26, primarily due to lower realizations at overseas subsidiaries, particularly on exports from the US to Southeast Asian markets. Consequently, EBITDA margin contracted to 13% in Q1 FY27 from 17% in the year-ago period.
Net debt (excluding lease liabilities) stood at Rs 5,692 crore as of 30 June 2026, lower than the previous quarter due to asset monetisation.
R. Mukundan, managing director & CEO, Tata Chemicals, said, “During Q1FY27, amidst challenging external environment, the Company delivered a resilient performance, supported by higher sales and production volumes, strong operating efficiencies and disciplined cost management. However, exports from USA to Southeast Asia remained under pressure due to persistent unremunerative soda ash pricing.
Living Essentials: Demand outlook remains positive, supported by premiumization in food, feed, pharma and beverage. Core products such as salt and bicarbonates should deliver stable growth, while prebiotics are expected to grow faster due to rising health and wellness consumption trends.
Industrial Essentials (mainly Soda Ash): The near-term outlook remains challenging due to global oversupply, weak demand conditions, and excess industry capacity. Geopolitical tensions and elevated energy, raw material, and freight costs continue to pressure margins and realisations.
Farm Essentials (mainly Rallis): India's farm sector outlook remains moderately positive, supported by improved irrigation, technology adoption, government initiatives, and resilient rural demand. However, monsoon variability, potential El Niño conditions, and higher input costs remain key risks to agricultural output.”
India Cements Ltd, Tata Chemicals Ltd, Honasa Consumer Ltd, Asahi India Glass Ltd are among the other stocks to see a surge in volumes on NSE today, 25 June 2026.
Motherson Sumi Wiring India Ltd witnessed volume of 1742.04 lakh shares by 14:14 IST on NSE, a 13.09 times surge over two-week average daily volume of 133.11 lakh shares. The stock increased 10.60% to Rs.41.83. Volumes stood at 82.36 lakh shares in the last session.
India Cements Ltd witnessed volume of 16.94 lakh shares by 14:14 IST on NSE, a 11.74 times surge over two-week average daily volume of 1.44 lakh shares. The stock increased 0.82% to Rs.385.00. Volumes stood at 1.84 lakh shares in the last session.
Tata Chemicals Ltd notched up volume of 64.23 lakh shares by 14:14 IST on NSE, a 11.46 fold spurt over two-week average daily volume of 5.61 lakh shares. The stock rose 2.74% to Rs.748.30. Volumes stood at 2.46 lakh shares in the last session.
Honasa Consumer Ltd notched up volume of 70.29 lakh shares by 14:14 IST on NSE, a 5.48 fold spurt over two-week average daily volume of 12.82 lakh shares. The stock rose 0.73% to Rs.419.00. Volumes stood at 40.23 lakh shares in the last session.
Asahi India Glass Ltd saw volume of 2.63 lakh shares by 14:14 IST on NSE, a 4.57 fold spurt over two-week average daily volume of 57613 shares. The stock increased 4.96% to Rs.900.10. Volumes stood at 48842 shares in the last session.