Share price of Tube Investments falls as Nifty weakens
Tube Investments of India Ltd. slipped 0.52 per cent to Rs 3154.1 in Wednesday's trade as of 02:10PM (IST). The stock hit a high price of Rs 3198.95 and low of Rs 3142.55 during the session.
The return on equity (ROE) for the stock stood at 24.18 per cent. Traded volume on the counter stood at 02:10PM shares and turnover at Rs 0.94 crore around that time. The stock of Tube Investments of India Ltd.
quoted a 52-week high price of Rs 3394.0 and 52-week low prices of Rs 1725.0, respectively. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.62.Promotor/FII Holding Promoters held 45.95 per cent stake in the company as of 31-Dec-2022, while overseas investors held 28.92 per cent and domestic institutional investors had 10.34 per cent.Key Financials The company reported consolidated sales of Rs 3823.42 crore for the quarter ended 31-Mar-2023, up 2.89 per cent from previous quarter's Rs 3716.1 crore and up 10.91 per cent from the year-ago quarter's Rs 3447.25 crore. Net profit after tax for the latest quarter stood at Rs 311.84 crore, up 74.41 per cent from the same quarter a year ago.Technicals 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 topof the MACD to reflect «buy» or «sell» opportunities.
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