Share price of Tube Investments falls as Sensex gains 272.14 points
Tube Investments of India Ltd. dropped 0.53 per cent to Rs 3040.65 at 02:00PM (IST) in Friday's trade. The stock hit a high of Rs 3079.0 and low of Rs 3008.4 so far during the session.
The stock had closed at Rs 3056.65 in the previous session. The counter had a total traded volume of 02:00PM shares so far with a turnover of Rs 167.0 crore on BSE. The stock traded at a price-to-earnings multiple of 60.36 and a price-to-book ratio of 12.43.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. Tube Investments of India Ltd.
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