{"id":107428,"date":"2023-08-18T13:00:58","date_gmt":"2023-08-18T07:30:58","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107428"},"modified":"2023-08-18T13:04:08","modified_gmt":"2023-08-18T07:34:08","slug":"tata-group-stock-jumps-up-to-19-after-company-plans-to-merge-with-tata-steel-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-jumps-up-to-19-after-company-plans-to-merge-with-tata-steel-check-the-details\/","title":{"rendered":"Tata Group stock jumps up to 19% after company plans to merge with Tata Steel"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1453497762\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this micro-cap stock are trading in the green gaining up to 19 percent after a scheme of amalgamation proposed between the company and other Tata Group company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-238873121\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 240 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TRF\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">TRF Limited<\/a><\/strong> started their trading session on Friday at Rs 191.55 and currently trade at Rs 215.15. The scrip witnessed an intra-day high of Rs 221.70 exhibiting a gain of around 19 percent as compared to the previous close of Rs 186.55 apiece.\u00a0<\/p><p>Such sharp movements in the company\u2019s share price are observed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE) dated 17th August 2023 intimated a scheme of amalgamation between TRF Limited, the Transferor Company, and, Tata Steel Limited, the Transferee Company.&nbsp;<\/p><p>The Mumbai Bench of the National Company Law Tribunal (NCLT) directed to convene a shareholder meeting on 18th September 2023 in relation to the above matter. As per the voting requirements on the same, the cut-off dates have been fixed for E-voting to be 11th September 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2075383309\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>On an annual basis, the company\u2019s performance has been decent with the operating revenues going up from Rs 127 crores during FY21-22 to Rs 177 crores during FY22-23, and the bottom-line numbers taking a shift from losses of Rs 16 crores to profits of Rs 88 crores during the same time horizon.&nbsp;<\/p><p>Due to the same, the margins and profitability ratios showed positive signs with the net profit margin being reported at 50 percent, return on capital employed (RoCE) at 82.7 percent, and, return on assets (RoA) at 27 percent as compared to negative numbers in the previous financial year.&nbsp;<\/p><p>According to the shareholding pattern data available for the June 2023 quarter, the company\u2019s Promoters hold a 34.12 percent stake, and the Foreign Institutional Investors (FIIs) hold a 3.27 percent stake in the company.&nbsp;<\/p><p>TRF Limited is associated with the business pertaining to material handling equipment such as reclaimers, stackers, and other types of machinery for screening, sorting, etc. It undertakes turnkey projects for the \u2018infrastructure\u2019 sector comprising ports, power, and industrial sectors.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" style=\"object-fit:cover;width:256px;height:256px\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1121290407\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this micro-cap stock are trading in the green gaining up to 19 percent after a scheme of amalgamation proposed between the company and other Tata Group company.&nbsp; With a market capitalization of Rs 240 crores, the stocks of TRF Limited started their trading session on Friday at Rs 191.55 and currently trade at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":32602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,3103,10039,11057,11059,10860,11058],"class_list":["post-107428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-tata-group-stock","tag-tata-group-stock-latest-news","tag-trf-latest-news","tag-trf-merger-with-tata-steel","tag-trf-share-price","tag-why-is-trf-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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