Tube Investments shares fall 3.6 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 60.34 on Monday.
Shares of fell 3.6 per cent to Rs 3941.9 in Monday's trade as of 02:09PM (IST) even as the benchmark ruled at 22099.7, up 44.5 points.The scrip had closed at Rs 4089.5 in the previous session. The stock quoted a 52-week low of Rs 2622.35 and a high of Rs 4159.5. The company quoted a market-cap of Rs 79093.2 crore on the .
On BSE, 7,856 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 52.32 times its trailing 12-month EPS of Rs 68.32 per share and 12.43 times its book value. The return on equity (ROE) stood at Rs 24.27.
Key Financials
For the quarter ended 31-Dec-2023, reported consolidated sales of Rs 4255.19 crore, down 14.51 per cent from the same quarter a year ago. The company reported 125.26 per cent YoY growth in net profit at Rs 531.06 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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
