Tube Investments shares drop 0.03% as Sensex rises

economictimes.indiatimes.com:

Tube Investments of India Ltd. traded 0.03 per cent lower in Friday's session at 12:43PM (IST). The stock opened at Rs 4049.0 and has touched an intraday high and low of Rs 4049.0 and Rs 4005.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 4666.0 and a 52-week low of 2729.1. About 1,028 shares changed hands on the counter so far.

Benchmark Nifty50 was up 246.3 points at 24363.3, while the BSE Sensex traded 822.41 points higher at 79708.63 at the time of writing of this report.
In the Nifty pack, 44 stocks traded the day in the green, while 6 were in the red.

Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 4642.66 crore, up 1.51 per cent from the previous quarter's Rs 4573.48 crore and up 17.65 per cent from the year-ago quarter. The company reported net profit of Rs 225.23 crore for the latest quarter.
Promoter Holdings Promoters held 45.04 per cent stake in the company as of 30-Jun-2024, while FIIs held 27.4 per cent and MFs 10.36 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3717.98 on August 09, while the 50-DMA was at Rs 4101.92. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.