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Tinplate Company zooms 34% in two trading days on heavy volumes

The stock hit a 52-week high of Rs 125, rallied 30% in past two trading days from Rs 93 on June 30.

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Crude steel output in the first two months grew by 4.5 per cent to 16.4 million tonnes.

SI Reporter Mumbai
Tinplate Company of India, a Tata Group Company, has moved higher to Rs 125, up 15%, extending its Monday’s over 15% rally on BSE on the back of heavy volumes.

The stock of containers & packaging company is trading at its 52-week high, surging 31% in past two trading days from Rs 93 on June 30.

The trading volumes on the counter jumped more than three-fold with a combined 10.07 million equity shares representing 9.6% of total equity of Tinplate Company changed hands on BSE and NSE till 02:48 pm.

With reference to increase in volume, Tinplate