Tube Investments declines 1.37% as Sensex climbs

Earlier, the stock saw a gap up opening in the morning.

A total of 7,013 lakh shares changed hands on the counter till 01:54PM (IST).

The stock of . commanded a market value of Rs 70572.93 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 53.41, while the price-to-book value ratio stood at 12.43. Return on equity (ROE) was at 24.27 per cent, according to exchange data.

In the BSE500 pack, 256 stocks traded in the green, while 244 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.62.

Promotor/FII Holding
Promoters held 44.84 per cent in Ltd. as of 31-Dec-2023 while overseas and domestic institutional investors owned 28.83 per cent and 10.19 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 3348.94 on April 04, while the 50-DMA was at 3653.5. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.