Tube Investments shares drop 1.54% as Sensex rises
Tube Investments of India Ltd. traded 1.54 per cent down at Rs 3839.3 at 02:06PM (IST) on Friday, even as BSE benchmark Sensex gained 812.17 points to 72533.35.
The stock had settled at Rs 3899.5 in the previous session.
The stock quoted a 52-week high price of Rs 4046.9 and 52-week low of Rs 2375.05, respectively. As per BSE data, total traded volume on the counter till 02:06PM (IST) stood at 1238 shares with a turnover of Rs 0.48 crore.
At the current price, the stock traded at 78.88 times its trailing 12-month earnings per share of Rs 48.83 per share and 12.43 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.62.
Shareholding Details
Promoters held 45.85 per cent stake in the company as of 30-Sep-2023, while FIIs owned 30.42 per cent and DIIs 9.14 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 62.79. The RSI oscillates between zero and 100.
