Shares of Tube Investments rise as Nifty gains

economictimes.indiatimes.com:

Tube Investments of India Ltd. gained 0.47 per cent to Rs 4230.35 in Friday's trade as of 01:44PM (IST). It hit a high of Rs 4255.0 and low of Rs 4171.25 during the session.
The stock quoted a 52-week high price of Rs 4397.1 and a low of Rs 2729.1. The return on equity for the stock stood at 23.54 per cent. About 2,937 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.62.
The scrip has been an outperformer, up 48.62 per cent in the past one year in comparison with a 26.64 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 2729.1 on June 28, while the 50-DMA was at Rs 3887.44. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 44.83 per cent stake in Tube Investments of India Ltd. as of 31-Mar-2024. Mutual funds and foreign institutional investors held 9.98 per cent and 28.32 per cent stake.