Share price of Tube Investments falls as Sensex gains 210.27 points
Tube Investments of India Ltd. dropped 0.76 per cent to Rs 3543.35 at 01:54PM (IST) in Tuesday's trade. The counter hit a high of Rs 3581.45 and low of Rs 3523.35 so far during the session. The stock had closed at Rs 3570.75 in the previous session.
The counter had a total traded volume of 01:54PM shares so far with a turnover of Rs 0.37 crore on BSE. The stock traded at a price-to-earnings multiple of 51.86 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 45.1 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 28.83 per cent and 14.13 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 4255.19 crore for the quarter ended 31-Dec-2023, down 2.57 per cent from the previous quarter's Rs 4367.23 crore and down 14.51 per cent from the year-ago quarter's Rs 3716.1 crore.
Its profit for the latest quarter stood at Rs 531.06 crore, up 125.26 per cent from the same quarter a year ago.
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