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[Lavanay]

Tata Metaliks (Rs.187.80)

reported a net profit of Rs.15.86 cr. in Q3FY08 as a against net loss of Rs.1.12 cr. during Q3FY07. Sales rose 83.74% to Rs.271.92 cr. in Q3FY08 as against Rs.147.99 cr. during Q3FY07. For the first 9 months of the current year, its EPS is Rs.17.46 while full year estimated EPS is likely to be in the region of Rs.25/26. The stock is available at a P/E ratio of less than 8. The company has formed Tata Metalik Pipes as a subsidiary to make pipes, which are in good demand. Invest in this stock for good long-term growth.