INVESTMENT VIEW & MARKET GUIDANCE - Tata Metaliks
January 5th, 2009 by admin | No Comments | Filed in Market WatchTata Metaliks is engaged in the business of manufacturing and selling
Foundry Grade pig iron. Its plant, located at Kharagpur in the state of West Bengal and Redi in Maharashtra , consists of five Mini Blast Furnaces and related facilities including Captive Power Plants. The Company has been progressing steadily in its growth path. The Redi plant of the Company has performed well and (more…)
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overcome the ‘93 level, declined to post an intra-week low of Rs. 54.80 during the week ended June 9, 2006 and tested these levels by falling to an intra-week low of Rs. 53.88 during the week ended July 28, 2006. The scrip staged a smart recovery from here, peaked at an intra-week high of Rs 385.35 during the week ended January 10, 2008 only to enter a corrective phase. The scrip staged a superb recovery from here and rallied to peak at an intra-week high of Rs. 356.00 during the week ended May 2, 2008 but couldn’t sustain these levels for long and entered a corrective phase. Currently EKC has reversed direction after receiving significant support from the 130 level; a weekly close above the 170 level would mean the possibility of a further upside.

