US MARKET The Dow Jones Industrial Average (DJIA) is caught in a bit of a sideways trap in the first week of October as geopolitical concerns weigh on risk #Financial #FinancialNews US MARKET The Dow Jones Industrial Average (DJIA) is caught in a bit of a sideways trap in the first week of October as geopolitical concerns weigh on risk #Financial #FinancialNews
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MORGAN STANLEY ON TATA CHEMICALS • Underweight with target price of Rs 843 • Believe the share price will fall relative to the country index over the next 45 days • Estimate that there is about an 80% + probability for the scenario • TTCH should see subdued soda ash earnings in F2025 • well-supplied soda ash markets, mixed demand sentiment and unfavorable competitive dynamics at play • See soda ash margins reverting to below mid-cycle levels • Valuations are tracking near +1sd and appear rich MORGAN STANLEY ON TATA CHEMICALS • Underweight with target price of Rs 843 • Believe the share price will fall relative to the country index over the next 45 days • Estimate that there is about an 80% + probability for the scenario • TTCH should see subdued soda ash earnings in F2025 • well-supplied soda ash markets, mixed demand sentiment and unfavorable competitive dynamics at play • See soda ash margins reverting to below mid-cycle levels • Valuations are tracking near +1sd and appear rich
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