Tinplate Company extends gains after posting stellar Q3 results

Tinplate Company of India gained 1.58% to Rs 304.80 at 11:00 IST on BSE after the company's net profit jumped 186.1% to Rs 12.79 crore on 128.5% surge in net sales to Rs 502.28 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 22 January 2018. The stock gained 3.06% to Rs 300.05 ahead of the results yesterday, 22 January 2018.

Meanwhile, the S&P BSE Sensex was up 238.82 points or 0.67% at 36,036.83. The S&P BSE Small-Cap index rose 128.55 points or 0.66% at 19,736.56, underperforming the Sensex.

On the BSE, 3.33 lakh shares were traded on the counter so far as against the average daily volumes of 4.61 lakh shares in the past one quarter. The stock had hit a high of Rs 311.80 and a low of Rs 303.40 so far during the day. The stock had hit a record high of Rs 324.80 on 12 January 2018. The stock had hit a 52-week low of Rs 76.55 on 29 March 2017.

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

Tinplate Company of India is predominantly in the manufacture and sale of electrolytic tin mill products.

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