Tube Investments shares drop 1.76% as Sensex rises
Tube Investments of India Ltd. traded 1.76 per cent lower in Wednesday's session at 01:54PM (IST). The stock opened at Rs 3799.95 and has touched an intraday high and low of Rs 3799.95 and Rs 3558.05, respectively, during the session so far.
The stock quoted a 52-week high of Rs 4159.5 and a 52-week low of 2729.1. About 11,697 shares changed hands on the counter so far.
Benchmark Nifty50 was up 567.0 points at 22451.5, while the BSE Sensex traded 1706.94 points higher at 73785.99 at the time of writing of this report.
In the Nifty pack, 48 stocks traded the day in the green, while 2 were in the red.
Key Financials For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 4573.48 crore, up 7.48 per cent from the previous quarter's Rs 4255.19 crore and up 19.62 per cent from the year-ago quarter. The company reported net profit of Rs 189.53 crore for the latest quarter.
Promoter Holdings Promoters held 45.1 per cent stake in the company as of 31-Mar-2024, while FIIs held 28.33 per cent and MFs 9.98 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3471.61 on June 05, while the 50-DMA was at Rs 3722.2. 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.
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