Tube Investments rises 2.99% as Sensex climbs

economictimes.indiatimes.com:

Tube Investments of India Ltd. traded at Rs 3587.3 on BSE at 10:00AM (IST) on Friday, up 2.99 per cent from previous close.
The stock quoted a 52-week low price of Rs 2432.0 and a high of Rs 4120.8.

Earlier, shares of the company saw a gap up opening in the morning.
A total of 2,306 lakh shares changed hands on the counter till 10:00AM (IST).
The stock of Tube Investments of India Ltd. commanded a market value of Rs 69332.42 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 52.48, 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, 411 stocks traded in the green, while 85 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 44.84 per cent in Tube Investments of India Ltd. as of 31-Dec-2023 while foreign portfolio investors and domestic institutional investors owned 28.83 per cent and 10.19 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 3258.63 on March 01, while the 50-DMA was at 3700.75. 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.