Tube Investments shares drop 2.4% as Sensex rises

economictimes.indiatimes.com:

Tube Investments of India Ltd. traded 2.4 per cent lower in Tuesday's session at 02:09PM (IST). The stock opened at Rs 3780.0 and has touched an intraday high and low of Rs 3780.0 and Rs 3695.55, respectively, during the session so far.
The stock quoted a 52-week high of Rs 4159.5 and a 52-week low of 2647.1. About 4,853 shares changed hands on the counter so far.

Benchmark Nifty50 was up 53.35 points at 22555.35, while the BSE Sensex traded 63.08 points higher at 74069.02 at the time of writing of this report.
In the Nifty pack, 26 stocks traded the day in the green, while 24 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 3430.4 on May 21, while the 50-DMA was at Rs 3673.97. 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.