Tata Metaliks was locked at 10% upper circuit at Rs 113.20 at 15:06 IST on BSE after the company reported turnaround Q1 result during market hours today, 21 July 2014.
Meanwhile, the BSE Sensex was up 132.91 points or 0.52% at 25,774.47
On BSE, so far 15.39 lakh shares were traded in the counter with pending buy orders of 1.35 lakh shares at upper circuit. The stock has average daily volume of 1.21 lakh shares in the past one quarter.
The stock hit a 52-week high of Rs 113.20 in intraday trade today, 21 July 2014. The stock hit a low of Rs 103.25 so far during the day. The stock had hit a 52-week low of Rs 25.55 on 1 August 2013.
The stock had outperformed the market over the past one month till 18 July 2014, rising 38.37% compared with Sensex's 1.57% rise. The scrip also outperformed the market in past one quarter, advancing 62.13% as against Sensex's 13.31% rise.
The small-cap company has equity capital of Rs 25.29 crore. Face value per share is Rs 10.
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On a consolidated basis, Tata Metaliks reported net profit of Rs 34.32 crore in Q1 June 2014 as compared to net loss of Rs 13.21 crore in Q1 June 2013. Total income from operations (net) rose 4.61% to Rs 358.53 crore in Q1 June 2014 over Q1 June 2013.
Tata Metaliks is a leading producer of foundry grade pig iron in the country.
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