Share price of Tube Investments jumps as Sensex gains 374.34 points
Tube Investments of India Ltd. gained 0.2 per cent to Rs 2870.6 at 11:16AM (IST) in Wednesday's trade.
The stock hit a high of Rs 2899.8 and low of Rs 2865.1 so far during the session. The stock had closed at Rs 2864.85 in the previous session.
The counter had a total traded volume of 11:16AM shares so far with a turnover of Rs 5566.0 crore on BSE.
The stock traded at a price-to-earnings multiple of 56.99 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 46.13 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 29.41 per cent and 12.25 per cent, respectively.
Key Financials The firm 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.
Its profit for the latest quarter stood at Rs 214.97 crore, up 10.49 per cent from the same quarter a year ago.
