Tube Investments declines 3.42% as Sensex climbs

economictimes.indiatimes.com:

Tube Investments of India Ltd. traded at Rs 4011.3 on BSE at 01:54PM (IST) on Thursday, down 3.42 per cent from previous close.
The stock quoted a 52-week low price of Rs 2832.05 and a high of Rs 4666.0.

Earlier, shares of the company saw a gap down opening in the morning.
A total of 2,393 lakh shares changed hands on the counter till 01:54PM (IST).
The stock of Tube Investments of India Ltd. commanded a market value of Rs 77740.61 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 64.29, while the price-to-book value ratio stood at 14.15. Return on equity (ROE) was at 23.54 per cent, according to exchange data.
In the BSE500 pack, 144 stocks traded in the green, while 356 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 0.62.
Promotor/FII Holding Promoters held 44.78 per cent in Tube Investments of India Ltd. as of 30-Jun-2024 while foreign and domestic institutional investors owned 27.41 per cent and 10.36 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 3780.37 on August 29, while the 50-DMA was at 4125.08. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.