Share price of Tube Investments jumps as Sensex gains 355.08 points

economictimes.indiatimes.com:

Tube Investments of India Ltd. gained 0.23 per cent to Rs 3502.7 at 01:33PM (IST) in Monday's trade. The stock hit a high of Rs 3508.5 and low of Rs 3473.2 so far during the session. The stock had closed at Rs 3494.4 in the previous session.
The counter had a total traded volume of 01:33PM shares so far with a turnover of Rs 0.89 crore on BSE. The stock traded at a price-to-earnings multiple of 51.28 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-Mar-2024, while FIIs and domestic institutional investors ownership stood at 28.33 per cent and 14.8 per cent, respectively.
Key Financials The firm 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.