Share price of Tube Investments falls as Sensex drops 36.93 points
Tube Investments of India Ltd. dropped 2.68 per cent to Rs 3358.55 at 01:59PM (IST) in Thursday's trade. The scrip hit a high of Rs 3449.95 and low of Rs 3350.55 so far during the session.
The stock had closed at Rs 3450.9 in the previous session.
The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 0.77 crore on BSE. The stock traded at a price-to-earnings multiple of 68.79 and a price-to-book ratio of 12.43.
A higher P/E 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.
belongs to the Cycles & Accessories industry.
Promotor/FII Holding Promoters held 46.11 per cent stake in the company as of 30-Sep-2023, while FIIs and domestic institutional investors ownership stood at 30.42 per cent and 11.47 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 3946.14 crore for the quarter ended 30-Jun-2023, up 3.21 per cent from the previous quarter's Rs 3823.42 crore and up 3.23 per cent from the year-ago quarter's Rs 3822.83 crore.
