The stock ended near the day's high at Rs 161 - up 4.5%. Around 4.9 lakh shares were traded on the BSE as against the two-week daily average trade of 1.59 lakh shares.
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(Updated at 1020 hrs)
Tata Metaliks has raced ahead on the BSE after reporting a turnaround in its financial performance. The stock is trading at Rs 158, stronger by Rs 4 or 3%, on the BSE. The counter had opened at Rs 156, and touched a high of Rs 164 and a low of Rs 154 during the day.
The company reported a net profit of Rs 20.3 crore in the quarter ended December 2009 as against a loss of Rs 218 crore in the corresponding quarter of the previous year.
There was a surge in volumes, with a total of 2.74 lakh shares being traded as against the two-week average of 1.59 lakh shares.