Tube Investments shares down 1.54% as Nifty gains
Tube Investments of India Ltd. traded 1.54 per cent down in Monday's trade at 01:54PM (IST). Around 1,648 shares changed hands on the counter.
The scrip opened at Rs 3548.15 and touched an intraday high and low of Rs 3548.15 and Rs 3485.7, 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 2432.0.
Total market cap of the Tube Investments of India Ltd. stood at Rs 67789.27 crore at the time of writing this report.
Key Financials The company reported consolidated net 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 same quarter a year ago.
Shareholding pattern As of 31-Dec-2023, domestic institutional investors held 10.19 per cent stake in the company, while foreign institutional investors held 28.83 per cent and the promoters 45.1 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 51.31 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
