Tube Investments shares up 2.82% as Sensex rises
A total of 4,571 shares changed hands on the counter till 12:12PM (IST)
Shares of gained 2.82 per cent to Rs 3700.45 in Monday's session as of 12:12PM (IST) even as the equity benchmark traded 2326.33 points higher at 76287.64.Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4159.5 and a 52-week low of Rs 2729.1 on . Around 4571 shares changed hands on the counter till 12:12PM (IST).
The stock opened at Rs 3670.7 and has touched an intraday high and low of Rs 3739.5 and Rs 3637.25 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 59.21, earnings per share (EPS) of Rs 61.99 and price to book value (PB) of 18.18, while the return on equity (ROE) stood at Rs 18.49.
Promoter/ FII Holding
The promoters held 45.1 per cent stake in the company as of June 03, while FII and MF ownerships stood at 28.33 per cent and 9.98 per cent, respectively.
Key Financials
With a market capitalisation of Rs 70992.15 crore, the company operates in the Cycles & Accessories industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 4573.48 crore, up 7.48 per cent from the previous quarter?s Rs 4255.19 crore and up 19.62 per cent from the same quarter a year ago. The company reported net profit of Rs 189.53 crore for the latest quarter, down 39.22 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 46.91. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
