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Tube Investments share price up 2.13 per cent


Shares of Tube Investments of India Ltd. traded 2.13 per cent up at Rs 2915.6 at around 10:20AM (IST) on Thursday. The stock had closed at Rs 2854.85 in the previous session. Equity benchmark Sensex traded 51.84 points higher at 62674.08 around the same time. The scrip has climbed 82.2 per cent in the last one year till date, while the 30-share index has gained 12.08 per cent during the same period.

The stock’s 52-week high price stood at Rs 3046.25 and the 52-week low price at Rs 1458.7.

Trading volume on the counter stood at 2,860 shares, while it quoted a price-to-earnings ratio of 59.08, an EPS value of 49.35 and a price-to-book value of 10.18. In the Nifty50 pack, 33 stocks traded in the green, while 17 stocks were in the red.

Promoter/FII Holding
Promoters held 46.43 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership stood at 28.82 per cent and 10.43 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 3823.42 crore, up 2.89 per cent from the previous quarter’s Rs 3716.1 crore and up 10.91 per cent from the year-ago quarter’s Rs 3447.25 crore. The company reported net profit of Rs 311.84 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.



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