Why Tata Metaliks moved from Rs 78 to Rs 409 in just 3 months !!!!!!

1. It is filing for a fresh scheme of amalgamation of Tata Metaliks Ductile Iron (DI) Pipes (TMDIPL), its wholly-owned subsidiary with it.
2. Tata Metaliks is one of the largest manufacturers of foundry-grade pig iron in the world. 
3. Though its consolidated revenues for the March quarter declined by 7%, its profits rose by 71%, to Rs48.62 crore from Rs28.43 crore.
4. It had a return on capital employed (RoCE) of 37%. 
5. Tata Steel calls off Tata Metaliks merger - (Tata Steel non merger is a major relief for Tata Mettaliks.Tata Steel is a value destroyer for minority stock holder for more than a decade now)

        However, it is concentrating on high-value ductile iron pipes which are mostly used for water transmission. Some analysts expect that the DI pipes segment will benefit from government thrust on irrigation and healthy water access. 

Disclaimer :

I am holding this stock in my portfolio . Hence i may be biased and i may be wrong like many times before .It is not a investment advice and for educational purpose .