Tube Investments shares down 0.51% as Nifty gains
Tube Investments of India Ltd. traded 0.51 per cent down in Thursday's trade at 12:43PM (IST). Around 2,221 shares changed hands on the counter.
The stock opened at Rs 4160.75 and touched an intraday high and low of Rs 4166.55 and Rs 4115.0, respectively, in the session so far. Shares of the company of Tube Investments of India Ltd. quoted a 52-week high of Rs 4666.0 and a 52-week low of Rs 2729.1.
As per BSE, the total market cap of the Tube Investments of India Ltd. stood at Rs 79622.55 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4573.48 crore for the quarter ended 31-Mar-2024, up 7.48 per cent from previous quarter's Rs 4255.19 crore and up 19.62 per cent from the year-ago quarter's Rs 3823.42 crore.
The net profit for latest quarter stood at Rs 189.53 crore, down 39.22 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2024, domestic institutional investors held 10.36 per cent stake in the firm, while foreign institutional investors held 27.41 per cent and the promoters 44.78 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 66.41 and a price-to-book ratio of 14.15. 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.
