Tinplate Company advances after good Q2 result

Tinplate Company of India gained 2.94% to Rs 70.05 at 10:33 IST on BSE after net profit rose 43.8% to Rs 21.08 crore on 10.7% fall in net sales to Rs 223.43 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 19 October 2015.

Meanwhile, the BSE Sensex was up 29.89 points or 0.11% at 27,394.81

On BSE, so far 1.34 lakh shares were traded in the counter as against average daily volume of 1.05 lakh shares in the past one quarter.

The stock hit a high of Rs 71 and a low of Rs 68.80 far during the day. The stock had hit a 52-week high of Rs 79.70 on 17 October 2014. The stock had hit a 52-week low of Rs 51.85 on 27 March 2015.

The stock had outperformed the market over the past one month till 19 October 2015, surging 10.65% compared with Sensex's 4.37% rise. The scrip also outperformed the market in past one quarter, gaining 10.02% as against Sensex's 3.86% fall.

The small-cap company has equity capital of Rs 104.67 crore. Face value per share is Rs 10.

Tinplate Company of India is the largest indigenous producer of tin coated and tin free steel sheets in India.

Powered by Capital Market - Live News