Tube Investments share price plunges over 6% amid block deal reports
₹2,900 apiece on the BSE. Around 1.04 million Tube Investments shares changed hands in a bunch of trades, reports said. However, the details about the buyers and sellers in the Tube Investments block deal were not known.
Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Tube Investments of India is an automobile ancillary company and a part of the diversified conglomerate Murugappa Group. Tube Investments share price gained over 4% in the last one month, while the stock is up nearly 8% year-to-date (YTD). In the last three years, Tube Investments shares have rallied 390%.
The stock hit a 52-week high of ₹3,737.15 apiece on September 11, 2023, and a 52-week low of ₹2,375.05 on February 20, 2023. Also Read: Emami share price jumps nearly 5% on foray into juice category with Axiom Ayurveda stake buy Tube Investments of India reported a standalone net profit of ₹134.32 crore for the quarter ending June 30, 2022, as against a net profit of ₹96.96 crore in the same period last financial year. The company’s standalone total income in Q1FY24 grew to ₹1,969.04 crore from ₹1,267.64 crore, YoY.
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