Tinplate Company of India rose 4.07% to Rs 92 at 10:49 IST on BSE after net profit surged 74.6% to Rs 11.02 crore on 58.9% rise in net sales to Rs 259.26 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours on Friday, 21 April 2017.Meanwhile, the S&P BSE Sensex was up 136.47 points or 0.46% at 29,501.77.
On the BSE, 2.31 lakh shares were traded on the counter so far as against the average daily volumes of 80,154 shares in the past one quarter. The stock had hit a high of Rs 94.60 and a low of Rs 91.40 so far during the day.
The stock had hit a 52-week high of Rs 107.70 on 21 July 2016 and a 52-week low of Rs 64 on 9 November 2016. It had outperformed the market over the past one month till 21 April 2017, advancing 10.57% compared with the Sensex's 0.41% fall. The scrip had also outperformed the market over the past one quarter, gaining 9.2% as against the Sensex's 8.62% 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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