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Tata Metaliks share price gains 5% post Q4 earnings

Tata Metaliks share price gains 5% post Q4 earnings

Following the result update, Tata Metaliks share price opened with a gain of 5.34% and touched an intraday high of Rs 518 on BSE against the last closing value of Rs 491.75 on BSE

Market capitalisation of the firm currently stands at Rs 1,418.29 crore Market capitalisation of the firm currently stands at Rs 1,418.29 crore

Tata Metaliks share price was trading 5.34% higher on Thursday after the company posted better than the expected Q4 earning.

The company reported a 20% rise in its net profit at Rs 77 crore during the quarter ended March 31, 2020, as against a profit of Rs 64 crore, recorded in a year-ago period. Company's total income fell 12% (YoY) to Rs 4173.04 crore in the January-March quarter of the current fiscal as compared to Rs 3883.38 crore in a year-ago period.

Following the result update, Tata Metaliks share price opened with a gain of 5.34% and touched an intraday high of Rs 518 on BSE against the last closing value of Rs 491.75 on BSE.

Tata Metaliks stock has gained after 3 days of consecutive fall. The stock has risen 4.35% in one week and 17.44% in one month.

Tata Metaliks stock price trades higher than its 5, 20, 50 and 100-day moving averages but lower than 200-day moving averages.

Market capitalisation of the firm currently stands at Rs 1,418.29 crore.

Net profit fell 8.76% to Rs 165.96 crore in FY20 against Rs 181.89 crore during FY19. Total income also declined 4.85% to Rs 2050.63 crore for the year ended March 2020 against sales of Rs 2155.11 crore recorded during the previous year ended March 2019.

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