Tube Investments shares down 0.42% as Nifty drops
Tube Investments of India Ltd. traded 0.42 per cent down in Thursday's trade at 10:51AM (IST). Around 534 shares changed hands on the counter.
The counter opened at Rs 3185.05 and touched an intraday high and low of Rs 3246.5 and Rs 3179.9, respectively, in the session so far. Shares of the company of Tube Investments of India Ltd. quoted a 52-week high of Rs 3394.0 and a 52-week low of Rs 1983.25.
Total market cap of the Tube Investments of India Ltd. stood at Rs 61722.51 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 corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 10.54 per cent stake in the firm, while foreign institutional investors held 29.41 per cent and the promoters 46.13 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 64.77 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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