Tata Metaliks gains on reporting over 3-fold jump in Q1 net profit
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Tata Metaliks is currently trading at Rs. 827.15, up by 3.00 points or 0.36% from its previous closing of Rs. 824.15 on the BSE.
The scrip opened at Rs. 835.15 and has touched a high and low of Rs. 835.90 and Rs. 817.95 respectively. So far 6176 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 874.35 on 19-Jan-2023 and a 52 week low of Rs. 645.00 on 14-Jul-2022.
Last one week high and low of the scrip stood at Rs. 835.95 and Rs. 790.05 respectively. The current market cap of the company is Rs. 2600.09 crore.
The promoters holding in the company stood at 60.03%, while Institutions and Non-Institutions held 11.79% and 28.18% respectively.
Tata Metaliks has reported results for first quarter ended June 30, 2023 (Q1FY24). Tata Metaliks has reported over 3-fold jump in its net profit at Rs 4.55 crore for the quarter under review as compared to Rs 1.22 crore for the same quarter in the previous year. However, total income of the company decreased by 2.30% at Rs 653.94 crore for Q1FY24 as compared Rs 669.35 crore for the corresponding quarter previous year.
Tata Metaliks is engaged in manufacturing of pig iron, casting, iron ore fines, coke breeze and limestone. It is a leading pig iron manufacturer and seller in India.
