Tube Investments shares gain 4.13% as Sensex rises
The stock quoted a 52-week high of Rs 4120.8 and a 52-week low of Rs 2432.0.
Shares of . traded 4.13 per cent higher in Thursday's session at 10:05AM (IST). The stock opened at Rs 3616.7 and has touched an intraday high and low of Rs 3699.0 and Rs 3544.75, respectively, during the session so far.The stock quoted a 52-week high of Rs 4120.8 and a 52-week low of 2432.0. About 2,657 shares changed hands on the counter so far.
Benchmark Nifty50 was up 179.96 points at 22019.05, while the BSE traded 577.21 points higher at 72678.9 at the time of writing of this report.
In the pack, 44 stocks traded the day in the green, while 6 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 4255.19 crore, 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. The company reported net profit of Rs 531.06 crore for the latest quarter.
Promoter Holdings
Promoters held 45.1 per cent stake in the company as of 31-Dec-2023, while FIIs held 28.83 per cent and MFs 10.19 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3314.28 on March 21, while the 50-DMA was at Rs 3682.04. 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
