Tayo Rolls reports standalone net loss of Rs 0.87 crore in the June 2022 quarter

Tayo Rolls reports standalone net loss of Rs 0.87 crore in the December 2021 quarter

Tayo Rolls, a Tata group firm, has not generated any revenue since FY18 and is currently undergoing the corporate insolvency resolution process. That has not stopped a section of market punters from trading vigorously in its stock, which has soared nearly 230% since October 1.

Insolvent Tayo Rolls on a roll smells of a ‘pump & dump’ scheme: Analysts

Tayo Rolls hit an over 10-year high of Rs 118.30, up 10 per cent on the BSE on Monday, on the back of heavy volumes

Shares of this defunct Tata Steel arm have gained 100% in 7 trading days

Tayo Rolls reports standalone net loss of Rs 0.87 crore in the June 2021 quarter

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Tayo Rolls is engaged in manufacture of steel rolls, steel base rolls and cast iron rolls, forged rolls, ingots and pig iron, among others

Tayo Rolls Ltd