Tata Metaliks up 19.98 Percentage | Espresso Market Updates

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Espresso Shot - Tata Metaliks up 19.98 Percentage

January 15, 2021
Espresso Shot - Tata Metaliks up 19.98 Percentage

TATA METALIK 866.15 (+19.98%)   BSE –INE056C01010 | 15th JAN 2021

Binge Image

A subsidiary of Tata Steel, Tata Metaliks, has its state-of-the-art manufacturing plant at Kharagpur, West Bengal, India, which produces the finest quality of pig iron (PI) and ductile iron pipes (DIP) in India.

Recent Drivers

IIT Kharagpur researchers have developed an algorithm that can boost profits in India's manufacturing sector, which has been successfully tested by Tata Metaliks.

The boards approved the merger of Tata Metaliks and Indian Steel and Wire Products (ISWP) into Tata Steel Long Products. They are expected to complete the process in the next 6-9 months, subject to the necessary regulatory approvals.

The company’s plans to de-commoditise the business and demand through the Centre’s water and sanitation infrastructure are positive.

Promoters have increased holdings from 55.06% to 60.03% in the Sept 2020 quarter.

Net Sales at Rs 519.63 crores in Sept 2020. Up 1.61% from Rs 511.38 crores in Sept 2019.

Quarterly Net Profit at Rs 82 crores in Sept 2020. Up 250.58% from Rs 23.39 crores in Sept 2019.

Tata Steel has acquired 34.92 lakh shares of Tata Metaliks following the conversion of warrants issued at Rs 642 a warrant.

( source- Moneycontrol, India today, Economics times, BSE )

Technical Force*

S&P BSE METAL month-till-date gain up by 6.43%

Share price trading at 52-week high price – 866.25

Today’s candle indicates spurt in volume by 10.29 times compared to the previous day

Stock price has jumped more than 100% in one year low level – 308 | Mar 25, 2020

Daily RSI (14) is in overbought territory for 2 periods

52-week high – 866.25 | 52-week low – 311.40

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1137.50

912.75

760.90

536.15

384.30

159.55

7.70

-

Fibonacci Pivot

912.75

768.89

680.01

622.77

536.15

449.53

392.29

303.41

159.55


Today’s Close

866.15

SMA

BSE

10 DAY

680.61

20 DAY

640.56

50 DAY

596.84

200 DAY

515.83

Some Key Ratio (Source- BSE)

Market Cap:  2735.09 crores

PE: 11.84

OPM%:  20.52

ROE%: 16.75

Prev. Close : 721.90


* Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.