Tube Investments shares down 0.86% as Nifty drops
Tube Investments of India Ltd. traded 0.86 per cent down in Monday's trade at 11:16AM (IST). Around 3,279 shares changed hands on the counter.
The scrip opened at Rs 3356.05 and touched an intraday high and low of Rs 3537.0 and Rs 3356.05, respectively, in the session so far. The stock of Tube Investments of India Ltd. quoted a 52-week high of Rs 4120.8 and a 52-week low of Rs 2497.0.
As per BSE, the total market cap of the Tube Investments of India Ltd. stood at Rs 68034.86 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 4255.19 crore for the quarter ended 31-Dec-2023, down 2.57 per cent from previous quarter's Rs 4367.23 crore and down 14.51 per cent from the year-ago quarter's Rs 3716.1 crore.
The net profit for latest quarter stood at Rs 531.06 crore, up 125.26 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Dec-2023, DIIs held 10.19 per cent stake in the firm, while foreign institutional investors held 28.83 per cent and the promoters 44.84 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 51.49 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. belongs to the Cycles & Accessories
