Tinplate surges after stellar Q1 earnings

Tinplate Company of India rose 5.42% to Rs 145.75 at 15:11 IST on BSE after net profit spurted 619.38% to Rs 14.10 crore on 50.71% growth in total income from operations to Rs 241 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 21 July 2017.

Meanwhile, the S&P BSE Sensex was up 113.75 points or 0.36% at 32,018.15. The S&P BSE Small-Cap index rose 5.66 points or 0.04% at 16,005.54.

On the BSE, 19.96 lakh shares were traded on the counter so far as against the average daily volumes of 3.42 lakh shares in the past one quarter. The stock had hit a high of Rs 149.90 so far during the day, which is a 52-week high. The stock hit a low of Rs 136.70 so far during the day. The stock had hit a 52-week low of Rs 64 on 9 November 2016.

The stock had outperformed the market over the past one month till 20 July 2017, advancing 49.06% compared with the Sensex's 1.94% rise. The stock had also outperformed the market over the past one quarter, gaining 58.91% as against the Sensex's 8.44% rise. The scrip had also outperformed the market over the past one year, advancing 41.22% as against the Sensex's 14.29% rise.

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

Tinplate Company of India is one of the leading indigenous producers of tin coated and tin free steel sheets in India.

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