Tube Investments shares up 1.42% as Nifty falls
Tube Investments of India Ltd. rose 1.42 per cent to Rs 3469.35 in Friday's trade. It hit an intraday high of Rs 3505.0 and low of Rs 3386.65, respectively, during the day.
The stock quoted a 52-week high price of Rs 3836.1 and low of Rs 2375.05.
As of 10:10AM (IST), the counter saw total traded volume of 4,119 shares with a traded value of Rs 1.41 crore, according to NSE.
The stock had closed at Rs 3420.75 in the previous session.
The scrip has advanced 19.64 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.91 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 71.17 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 45.85 per cent stake in the company as of 30-Sep-2023, while FII and MF ownership in the firm stood at 30.42 per cent and 9.14 per cent, respectively.
