Tube Investments shares up 1.36% as Sensex rises
Tube Investments of India Ltd. gained 1.36 per cent to Rs 3290.25 in Friday's session as of 10:15AM (IST) even as the equity benchmark Sensex traded 204.74 points higher at 66470.3.
Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 3394.0 and a 52-week low of Rs 2375.05 on NSE. Around 2269 shares changed hands on the counter till 10:15AM (IST).
The stock opened at Rs 3228.05 and has touched an intraday high and low of Rs 3342.4 and Rs 3228.05 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of 65.5, earnings per share (EPS) of Rs 50.36 and price to book value (PB) of 12.43, while the return on equity (ROE) stood at Rs 24.27.
Promoter/ FII Holding
The promoters held 46.13 per cent stake in the company as of September 08, while FII and MF ownerships stood at 29.41 per cent and 10.54 per cent, respectively.
Key Financials With a market capitalisation of Rs 63754.8 crore, the company operates in the Cycles & Accessories industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 3946.14 crore, up 3.21 per cent from the previous quarter?s Rs 3823.42 crore and up 3.23 per cent from the same quarter a year ago.
The company reported net profit of Rs 214.97 crore for the latest quarter, up 10.49 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 72.27. The RSI oscillates between zero and 100.
Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call,
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