Tata Chemicals gets relief in Kenya dispute as High Court rules it lacks jurisdiction

Against that, the stock is -2.9% on the day at ₹576.80, and has returned -14.1% over three months. It sits 37% below its 52-week high, which means a good deal of bad news was already in the price. The chemicals sector has moved -12.0% over the same period, so Tata Chemicals is running 2.1 points behind its peers.

For Tata Chemicals, the question is how much of this is already reflected in the price and how much re-rates the chemicals peer set alongside it.