Tata Metaliks is currently trading at Rs. 668.05, down by 34.30 points or 4.88% from its previous closing of Rs. 702.35 on the BSE.
The scrip opened at Rs. 662.00 and has touched a high and low of Rs. 671.15 and Rs. 645.00 respectively. So far 30174 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1364.90 on 30-Jul-2021 and a 52 week low of Rs. 622.45 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 710.00 and Rs. 645.00 respectively. The current market cap of the company is Rs. 2113.64 crore.
The promoters holding in the company stood at 60.03%, while Institutions and Non-Institutions held 11.16% and 28.80% respectively.
Pig Iron prices also witnessed a sharp drop in market prices after imposition of export duty by the Govt on May 22, 2022. On the Raw materials front, coal and coke prices moved up significantly (coke price was up 30% over Q4). Profitability was severely impacted in the quarter owing to the above factors.
Tata Metaliks is engaged in manufacturing of pig iron, casting, iron ore fines, coke breeze and limestone. It is a leading pig iron manufacturer and seller in India.
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