Supreme Court stay lifts Tata Chemicals off day’s low

Tata Chemicals Limited's shares hovered near flat trading on Tuesday, after reaching a peak intraday price of ₹624.75, thanks to a recent Supreme Court ruling. The stock closed at ₹617.20, marking a negligible 0.03% decline from its previous close of ₹617.40. Opening at ₹620, the company's shares contributed to the Nifty Smallcap 100 index with a trading volume of 6.04 lakh shares, resulting in a turnover of ₹37.41 crore.

The sell-side orders outweighed buy-side activities, with 70.52% of pending orders on the sell side versus 29.48% on the buy side. Deliverable quantity accounted for 49.29% of the total traded volume, indicating a blend of long-term and short-term investor interest. Tata Chemicals communicated to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) that the Supreme Court, via an order dated October 5, 2026, has prohibited the Government of Gujarat and others from implementing any coercive measures against the company in a continuing land-rights litigation.

The Supreme Court has also issued a notice to the state government requesting its reply. The case, identified as Writ Petition No. 26530, was initiated by the company before the Gujarat High Court, challenging the company's established entitlements over land at Mithapur, Gujarat, where historical wastewater channels discharged into the sea.

Tata Chemicals first notified the stock exchanges about the High Court proceedings on May 26, 2026. Despite a recent near-flat performance, the company's stock has experienced substantial declines over the past year and year-to-date, falling 33.44% and 17.89%, respectively. Over the past 52 weeks, Tata Chemicals' shares have reached a high of ₹944.50 in October 2025.