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Tinplate Company of India gains after good Q3 results

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Capital Market Mumbai

The company announced the results after market hours on Wednesday, 16 January 2013.

Meanwhile, the BSE Sensex was up 66.87 points or 0.34% at 19,884.50.

On BSE, 14,000 shares were traded in the counter as against average daily volume of 32,761 shares in the past one quarter.

The stock hit a high of Rs 54.70 and a low of Rs 53.15 far during the day. The stock had hit a 52-week high of Rs 57.60 on 17 August 2012. The stock had hit a 52-week low of Rs 36.50 on 21 May 2012.

The stock had underperformed the market over the past one month till 16 January 2013, rising 2.14% compared with the Sensex's 2.59% gain. The scrip had also underperformed the market in past one quarter, gaining 1.74% as against Sensex's 6.67% surge.

 

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

Headquartered in Kolkata, Tinplate Company of India is the largest indigenous producer of tin coated and tin free steel sheets in India. The company is in the business of manufacturing and supplying reliable, cost-effective, value-added tin mill products. It manufactures various grades of electrolytic tinplates, tin-free steel sheets and full hard cold rolled sheets (FHCR) used for metal packaging. Tata Steel holds 73.44% stake in Tinplate Company of India (as per the shareholding pattern as on 30 September 2012).

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First Published: Jan 17 2013 | 11:32 PM IST

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