Tube Investments shares up 0.79% as Nifty gains
Tube Investments of India Ltd. rose 0.79 per cent to Rs 3741.1 in Friday's trade. It hit an intraday high of Rs 3748.0 and low of Rs 3676.45, respectively, during the day.
The stock quoted a 52-week high price of Rs 4120.8 and low of Rs 2432.0.
As of 12:43PM (IST), the counter saw total traded volume of 2,453 shares with a traded value of Rs 0.91 crore, according to NSE.
The stock had closed at Rs 3711.65 in the previous session.
The scrip has advanced 1.49 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.75 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 54.65 while price-to-book ratio stood at 12.43. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Cycles & Accessories industry.
Promoter/FII Holding Promoters held 44.84 per cent stake in the company as of 31-Dec-2023, while FII and MF ownership in the firm stood at 28.83 per cent and 10.19 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 4255.19 crore for the quarter ended 31-Dec-2023, down 2.57 per cent from the previous quarter's Rs 4367.23 crore and down 14.51 per cent from the year-ago quarter's Rs 3716.1 crore. Its net
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