Tube Investments rises 0.64% as Sensex climbs
Tube Investments of India Ltd. traded at Rs 2946.95 on BSE at 11:21AM (IST) on Tuesday, up 0.64 per cent from previous close.
The scrip quoted a 52-week low price of Rs 2375.05 and a high of Rs 3737.15.
Earlier, the stock saw a gap up opening in the morning.
A total of 554 lakh shares changed hands on the counter till 11:21AM (IST).
The stock of Tube Investments of India Ltd.
commanded a market value of Rs 56952.99 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 58.51, while the price-to-book value ratio stood at 12.43. Return on equity (ROE) was at 24.27 per cent, according to exchange data.
In the BSE500 pack, 412 stocks traded in the green, while 89 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 45.86 per cent in Tube Investments of India Ltd.
as of 30-Jun-2023 while overseas and domestic institutional investors owned 29.41 per cent and 10.54 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 2838.86 on October 10, while the 50-DMA was at 3051.59. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
