Tinplate (Rs. 426.00) (Code: 504966) :- Shares of this A Group listed company
touched a 52-week high of Rs. 437 and low of Rs. 160.
It was established in 1920 and is more than 100 years old. It supplies high-quality products to its customers. It has a 60% share in the Indian prime tinplate market and 40% share in the overall domestic market. Its products are exported to South East Asia, the Middle East, and some European countries. Its manufacturing facility is located in Jamshedpur, Jharkhand, where it has Cold Rolling Mills, Electrolytic Tinning Lines, and Printing & Lacquering Lines. It caters to the needs of segments such as edible oils, paints, processed foods, batteries & aerosols, etc. It offers tinplate in cut sheet & coil form and tin free steel in sheet form.
Promoter holding is 74.16%. Its equity is Rs. 104 crore and reserves Rs. 741 crore. For the December quarter, income went up from Rs. 621 crore to Rs. 1189 crore, and profit from Rs. 32 crore to Rs. 94 crore.
Surging profits can lead to a quick rise in the stock
