Tube Investments stock price down 0.1 per cent as Sensex slides
Tube Investments of India Ltd. fell 0.1 per cent to Rs 3165.0 at 01:54PM hours (IST) on Wednesday.
Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 3,050 shares with a turnover of Rs 9587.0 crore till 01:54PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 62.74, while the price-to-book value ratio stood at 12.43.
Return on equity (ROE) was at 24.27 per cent, according to exchange data.
The stock hit an intraday high of Rs 3178.4 and a low of Rs 3096.0 during the session and quoted a 52-week high price of Rs 3394.0 and a 52-week low of Rs 2073.15.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.62.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 2797.45 on September 06, while the 50-DMA was at Rs 3050.84. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 67.18.
The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 30-Jun-2023, promoters held 46.13 per cent stake in the company, while FIIs held 29.41 per cent and domestic institutional investors had 12.25 per cent.
