Tube Investments stock price down 1.54 per cent as Sensex slides
Tube Investments of India Ltd. fell 1.54 per cent to Rs 4057.55 at 12:17PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.
As per data available on BSE, total traded quantity on the counter stood at 3,534 shares with a turnover of Rs 1.44 crore till 12:17PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 65.18, while the price-to-book value ratio stood at 14.15.
Return on equity (ROE) was at 23.54 per cent, according to exchange data. The stock hit an intraday high of Rs 4192.55 and a low of Rs 4025.0 during the session and quoted a 52-week high price of Rs 4666.0 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 3641.62 on July 23, while the 50-DMA was at Rs 4029.54. 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 46.48. 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-2024, promoters held 45.04 per cent stake in the company, while FIIs held 27.4 per cent and domestic
