Tata Metaliks is currently trading at Rs. 65.50, up by 1.40 points or 2.18% from its previous closing of Rs. 64.10 on the BSE.
The scrip opened at Rs. 63.90 and has touched a high and low of Rs. 67.95 and Rs. 63.80 respectively. So far 13915 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 106.50 on 07-Jul-2011 and a 52 week low of Rs. 51.00 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 67.95 and Rs. 62.70 respectively. The current market cap of the company is Rs. 166.90 crore.
The promoters holding in the company stood at 50.10% while Institutions and Non-Institutions held 3.39% and 46.51% respectively.
Tata Metaliks has decided to shut down its mini blast furnace (MBF) No 2 for a period of 60 days with effect from June 25, 2012. The company has taken this step due to relining and expansion of working volume.
Recently, the company had terminated the business transfer agreement with Fomento (Karnataka) Mining Company by mutual consent on March 30, 2012.
Tata Metaliks was set up as a joint venture between Tata Steel and WBIDC (West Bengal Industrial Development Corporation) to manufacture pig iron at its plant at Kharagpur, West Bengal. It has two plants at present, one located at Kharagpur (West Bengal) and the other at Redi (Maharashtra).
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