Tube Investments shares down 0.14% as Nifty gains
Tube Investments of India Ltd. traded 0.14 per cent down in Wednesday's trade at 11:21AM (IST). Around 1,078 shares changed hands on the counter.
The stock opened at Rs 3200.0 and touched an intraday high and low of Rs 3249.95 and Rs 3177.95, respectively, in the session so far. The stock of Tube Investments of India Ltd. quoted a 52-week high of Rs 3394.0 and a 52-week low of Rs 1958.6.
Total market cap of the Tube Investments of India Ltd. stood at Rs 62268.0 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 3823.42 crore for the quarter ended 31-Mar-2023, up 2.89 per cent from previous quarter's Rs 3716.1 crore and up 10.91 per cent from the year-ago quarter's Rs 3447.25 crore. The net profit for latest quarter stood at Rs 311.84 crore, up 74.41 per cent from the same quarter a year ago.Shareholding pattern As of 31-Dec-2022, DIIs held 10.43 per cent stake in the company, while foreign institutional investors held 28.82 per cent and the promoters 46.43 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 65.34 and a price-to-book ratio of 12.43.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. Tube Investments of India Ltd.
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