Tube Investments stock price down 1.12 per cent as Sensex slides
Tube Investments of India Ltd. fell 1.12 per cent to Rs 3796.5 at 11:41AM hours (IST) on Tuesday. 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 10,771 shares with a turnover of Rs 4.07 crore till 11:41AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 60.72, while the price-to-book value ratio stood at 18.18.
Return on equity (ROE) was at 18.49 per cent, according to exchange data. The stock hit an intraday high of Rs 3882.65 and a low of Rs 3640.55 during the session and quoted a 52-week high price of Rs 4159.5 and a 52-week low of Rs 2729.1.
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 3467.54 on June 04, while the 50-DMA was at Rs 3719.46. 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 51.76. 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 31-Mar-2024, promoters held 45.1 per cent stake in the company, while foreign institutional investors held 28.33 per
