Buy Tinplate With Stop Loss Of Rs 80
Stock 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.