Tube Investments stock price up 2.04 per cent as Sensex climbs
Tube Investments of India Ltd. rose 2.04 per cent to Rs 3940.6 at 10:25AM hours (IST) on Friday. 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 3,233 shares with a turnover of Rs 1.27 crore till 10:25AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 62.2, 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 3954.05 and a low of Rs 3850.8 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 3482.87 on June 07, while the 50-DMA was at Rs 3729.28. 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 58.42. 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 FIIs held 28.33 per cent and domestic
