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Steel major Tata Steel Ltd on Friday announced a mega merger of listed and unlisted companies mainly to derive business synergies and also to reduce and simplify the Tata Group's steel business structure. Tata Steel's Board on Friday approved the amalgamation of seven group companies with the former. The merging seven companies are: 1. Tata Steel Long Products Limited, A2. The Tinplate Company of India Limited, 3. Tata Metaliks Limited, 4. TRF Limited, 5. The Indian Steel & ...
Mega Merger: Seven Tata companies to amalgamate with Tata Steel
The company reported standalone net profit of Rs 84.98 crore for the quarter ended June 30, 2022 as compared to Rs 68.62 crore in the same period last year, registering a year-on-year growth of 23.84 per cent. Net revenue of the company rose substantially by 25.21 per cent at Rs 1,006.53 crore in April-June quarter of this fiscal as against Rs 803.90 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 15.82 per cent to Rs 886.03 crore from R...
Tin Plate Co. Q1 net profit up 23.84% at Rs 84.98 cr
FY22 has brought in healthy appreciation in stock value of two Tata Group companies -- Tinplate Company of India Ltd and Automotive Stampings and Assemblies Ltd. Stocks of the two firms have seen a massive surge in FY22 on the back of healthy earnings growth, demand and future expansion plans. In FY22, Tinplate Company of India's stocks rose 150 per cent to Rs 401.45 per share, while those of Automotive Stampings and Assemblies' scrip went up by 1,659 per cent to Rs 587.65. &...
Stocks of Tata firms' Tinplate Company, Automotive Stampings fly in FY22
Technical Observations The stock has generated a breakout above a falling channel containing last three months decline signalling resumption of up move and offers fresh entry opportunity We expect the stock to continue with its positive momentum and head towards | 202 levels in the coming weeks being the 123.6% external retracement of the previous decline (| 192-146) placed around | 202 levels The stock has recently rebounded forming higher base at the rising 52 weeks EMA (currently ...
Stock Picks - Buy The Tinplate Company of India Limited For Target Rs. 176.00 - ICICI Direct
Below are Views On Dividend by Tinplate India By Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd The Tinplate company of India Ltd reported very strong revenue growth of 60% in Q4FY21 and doubled the profit after tax at 56 crores in Q4FY21. Company Board of directors have declared the dividend of ₹2 which is subject to the approval of shareholders in AGM. We have a positive outlook towards Tinplate India and we expect th...
Dividend by Tinplate India By Yash Gupta, Angel Broking Ltd
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