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Tinplate retracts from 52-week high on profit booking

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Capital Market
Last Updated : Jul 20 2017 | 3:47 PM IST

Tinplate Company of India lost 5.46% to Rs 137.75 at 15:09 IST on BSE, with the stock sliding on profit booking after recent sharp rally.

Meanwhile, the S&P BSE Sensex was down 47.34 points or 0.15% at 31,908.01. The S&P BSE Small-Cap index rose 28.66 points or 0.18% at 16,003.23.

On the BSE, 13.67 lakh shares were traded on the counter so far as against the average daily volumes of 3.20 lakh shares in the past one quarter. The stock had hit a high of Rs 146.70 so far during the day, which is a 52-week high. The stock hit a low of Rs 136.95 so far during the day. The stock had hit a 52-week low of Rs 64 on 9 November 2016.

The stock had outperformed the market over the past one month till 19 July 2017, advancing 64.08% compared with the Sensex's 2.06% rise. The stock had also outperformed the market over the past one quarter, surging 69.81% as against the Sensex's 8.93% rise. The scrip had also outperformed the market over the past one year, spurting 75.44% as against the Sensex's 15% rise.

The small-cap company has equity capital of Rs 104.67 crore. Face value per share is Rs 10.

Shares of Tinplate Company of India had rallied 24.52% in the preceding three trading sessions to settle at Rs 145.70 yesterday, 19 July 2017, from its close of Rs 117 on 14 July 2017.

Tinplate Company of India's net profit surged 74.6% to Rs 11.02 crore on 58.9% growth in net sales to Rs 259.26 crore in Q4 March 2017 over Q4 March 2016.

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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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First Published: Jul 20 2017 | 3:09 PM IST

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