At 0926 hrs, Tata Metaliks was quoting Rs 667, up 6.06 percent on the BSE.
In a regulatory filing, the company said it has acquired 27.97 lakh (27,97,000) equity shares of TML, a subsidiary of Tata Steel, at a price of Rs 642 per share aggregating to Rs 179.57 crore.
Investors’ focus should be on stocks that are fundamentally sound, are displaying earnings momentum, have a margin of safety and good corporate governance standards
The company clocked Rs 40.35-crore PAT during the corresponding quarter in the financial year 2017-18, Tata Metaliks said in a BSE filing.
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Centrum Research is bullish on Tata Metaliks has recommended buy rating on the stock with a target price of Rs 1050 in its research report dated July 27, 2018.
Centrum is bullish on Tata Metaliks has recommended buy rating on the stock with a target price of Rs 875 in its research report dated October 27, 2017.
On the technical front, 10,250-10,270 spot levels is strong support zone and the current trend is likely to continue towards 10,450-10,500.
Tata Metaliks has followed up a weak Q1 with strong numbers this time around. Topline has expanded nearly 40 percent and profits are up 55 percent. Lower other expenses too have boosted earnings.
Tata Metaliks is a stock in focus with the stock up 20 percent odd this month alone. In an interview to CNBC-TV18, Sandeep Kumar, MD of Tata Metaliks spoke about the latest happenings in the company and his outlook going ahead.
Tata Metaliks is in focus on the back of weak Q1 results. In an interview to CNBC-TV18, Sandeep Kumar, MD of the company spoke about the results and gave his outlook for the company.
The company had posted a net profit of Rs 34.44 crore in the year-ago period, Tata Metaliks said in a BSE filing.
Prakash Gaba of prakashgaba.com suggests buying Indiabulls Housing Finance around Rs 900 and advises holding Tata Metaliks.
In an interview to CNBC-TV18, Sanjiv Paul, MD of Tata Metaliks spoke about the results and his outlook for the company.
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Prakash Gaba of prakashgaba.com suggests shorting Ambuja Cements and advises buying Tata Metaliks.
Centrum is bullish on Tata Metaliks has recommended buy rating on the stock with a target price of Rs 570 in its research report dated February 06, 2017.
Sanjiv Paul, MD, Tata Metaliks said spike in coal and coke prices, comprising 55 percent of the total costs, combined with demonetisation impacted the numbers negatively.
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Tata Steel arm Tata Metaliks Ltd (TML) today reported around 25 percent decline in profit to Rs 19.6 crore for the quarter ended on December 31, 2016, compared to Rs 26.3 crore in the same period of previous year.
Tata Metaliks has amalgamated Tata Metaliks DI Pipes with itself. Last month Calcutta High Court had approved the scheme of amalgamation. Speaking to CNBC-TV18, Sanjiv Paul, company's chief said the DI Pipe merger will benefit the bottom line and also result in operational and taxation benefits.
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