Buy Tinplate With Stop Loss Of Rs 80

Buy Tinplate With Stop Loss Of Rs 80Stock market analyst Anil Singhvi has maintained buy rating on Tinplate Company Of India Limited stock with an intra-day target of Rs 90.

The interested investors can buy the stock with a stop loss of Rs 80.

The stock of the company, on Nov 10, closed at Rs 82.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 95.90 and a low of Rs 55.05 on BSE.

Tinplate Company Of India has recorded a marginal increase in its standalone net profit for the three month period ended September 2010.

During the three month period, the company's profit grew by 0.69% to Rs 157.04 million as compared to Rs 155.97 million during the same quarter of 2009.

Net sales during the period under review increased 51.07% to Rs 2,315.17 million.

The company's total income during the said quarter climbed 50.60% to Rs 2,342.90 million as against the total income recorded during the same period of 2009.

Tinplate Company reported EPS of Rs 2.18, recording 59.78% fall over prior year period.