Tube Investments shares drop 3.63% as Sensex rises
The stock quoted a 52-week high of Rs 4159.5 and a 52-week low of Rs 2622.35.
Shares of traded 3.63 per cent lower in Tuesday's session at 02:10PM (IST). The stock opened at Rs 3862.0 and has touched an intraday high and low of Rs 3925.0 and Rs 3765.0, respectively, during the session so far.The stock quoted a 52-week high of Rs 4159.5 and a 52-week low of 2622.35. About 7,296 shares changed hands on the counter so far.
Benchmark Nifty50 was up 153.21 points at 22257.25, while the BSE traded 483.74 points higher at 73259.87 at the time of writing of this report.
In the pack, 39 stocks traded the day in the green, while 11 were in the red.
Key Financials
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 year-ago quarter. The company reported net profit of Rs 189.53 crore for the latest quarter.
Promoter Holdings
Promoters held 45.1 per cent stake in the company as of 31-Mar-2024, while FIIs held 28.33 per cent and MFs 9.98 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3414.55 on May 14, while the 50-DMA was at Rs 3660.35. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
