Page 2 - Tata Metaliks

Tata Metaliks Q2 net profit jumps manifold to Rs 82 cr on reduces expenses

Tata Metaliks, a pig iron manufacturer and supplier, on Monday said its net profit jumped manifold to Rs 82 crore during the September 2020 quarter, mainly on account of reduced expenses. The company had posted a net profit of Rs 23 crore in the corresponding quarter of the previous financial year, Tata Metaliks said in a regulatory filing to the BSE. Its total income in the second quarter ended September 30 also rose to Rs 521.84 crore, from Rs 517.06 crore a year ago. Total expenses reduced to Rs 431.63 crore in the quarter under review, from Rs 494.10 crore in the year-ago period. A subsidiary of domestic steel giant Tata Steel, Tata Metaliks, has a manufacturing plant at Kharagpur, West Bengal, where pig iron and ductile iron pipes are produced.

Stock picks from HDFC Securities: Buy Sudarshan Chemical, Tata Metaliks

Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.

Tata Metaliks tanks 7% after profit in April-June quarter declines 35%

Profits declined on the back of a nearly 10 per cent rise in the cost of raw material.

Tata Metaliks to shift focus to ductile iron pipes biz

Tata Metaliks will eventually become a full-fledged ductile iron (DI) pipe company, said chairman, Koushik Chatterjee, at the company's annual general meeting.Tata Metaliks now operates two integral business segments, foundry pig iron and DI pipes, post amalgamation of Tata Metaliks DI Pipes Limited. The DI capacity is around 2,00,000 tonnes per annum while the blast furnace capacity is 0.5 million tonnes. The company's annual report mentioned that while pig iron growth was in line with steel production, ductile iron pipe production showed a growth of 11-12 per cent. The growth was largely driven by the government's focus on infrastructure projects in the country including AMRUT (Atal Mission for Rejuvenation and Urban Transformation) and smart cities.Responding to a shareholder's query, Chatterjee said, "In the years to come, this company will become a full-fledged DI pipe company. There is a migration process, but it has to be a high-end product which will be a differentiated ...

Tata Metaliks net profit rises 26% in Q1

Company sold 99,130 tonnes of pig iron and 39,639 tonnes of DI pipes during the quarter

Tata Metaliks hits new high; soar over 200% in 20 trading days

The stock hit a record high of Rs 365, has rallied 212% from Rs 117 on May 16.

Six solid reasons to be bullish on Tata Metaliks

Orgasm. That's the word that comes to mind when one looks at the consolidated numbers reported by Tata Metaliks for the past financial year

Tata Metaliks zooms 100% in six trading days

About 469,793 equity shares representing 1.9% of total equity of Tata Metaliks changed hands on the NSE via block deal.

Tata Metaliks, Raj Television soar over 50% in one week

Tata Metaliks zoomed 74%, while Raj Television Network surged 62% on the BSE in the past five trading sessions

Tata Metaliks zooms over 40% in two days as merger with Tata Steel calls off

The stock hit a 52-week high of Rs 168, rallied 44% in past two trading sessions from Rs 117 on May 16.

Tata Metaliks hits 52-week high on healthy Q4 results; stock surges over 15%

The stock surged 18% to Rs 133 after the company posted 71% jump in profit at Rs 48.62 crore in Q4FY16.