Share price of Tube Investments falls as Sensex drops 652.26 points
A total of 940 shares changed hands on the counter till 01:13PM (IST)
Share price of dropped 0.75 per cent to Rs 3537.6 at 01:13PM (IST) in Friday's trade. The stock hit a high of Rs 3571.0 and low of Rs 3520.7 so far during the session. The stock had closed at Rs 3564.45 in the previous session.The counter had a total traded volume of 01:13PM shares so far with a turnover of Rs 0.34 crore on . The stock traded at a price-to-earnings multiple of 52.27 and a price-to-book ratio of 12.43.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
belongs to the Cycles & Accessories industry.
Promotor/FII Holding
Promoters held 45.1 per cent stake in the company as of 31-Dec-2023, while FIIs and domestic institutional investors ownership stood at 28.83 per cent and 14.12 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 4255.19 crore for the quarter ended 31-Dec-2023, down 2.57 per cent from the previous quarter's Rs 4367.23 crore and down 14.51 per cent from the year-ago quarter's Rs 3716.1 crore.
Its profit for the latest quarter stood at Rs 531.06 crore, up 125.26 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
