Tata Metaliks declined 5.5% to Rs 549.15 at 9:20 IST on the BSE after net profit dropped 35.44% to Rs 19.62 crore on 7.34% rise in total income to Rs 503.43 crore in Q1 June 2019 over Q1 June 2018.
The result was announced after market hours yesterday, 15 July 2019.Meanwhile, the S&P BSE Sensex was down by 10.42 points, or 0.03% to 38,886.29.
On the BSE, 1315 shares were traded in the counter so far compared with average daily volumes of 1217 shares in the past two weeks. The stock had hit a high of Rs 564.35 so far during the day. The scrip hit a 52-week low of Rs 541 in intraday trade today, 16 July 2019. It hit a 52-week high of Rs 754.40 on 30 August 2018.
Tata Metaliks is engaged in the business of manufacturing and selling foundry grade pig iron.
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