Tata Metaliks: 2.5 times in 18 months

We recommended Tata Metaliks: Piping India at Rs. 355 in July2016. Over the last 18 months the company stock price has increased substantially and the company is now trading at Rs. 882, indicating returns of 148% (2.48 times).

Considering the run up and increase in valuations, we suggest to Exit from Tata Metaliks and book profits at Rs. 882.

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