Tube Investments shares up 0.62% as Nifty gains
A total of 2,390 shares changed hands on the counter till 10:20AM (IST).
NEW DELHI: Shares of traded 0.62 per cent up in Tuesday's trade at 10:20AM (IST). Around 2,390 shares changed hands on the counter.The counter opened at Rs 4118.85 and touched an intraday high and low of Rs 4142.6 and Rs 4090.0, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 4666.0 and a 52-week low of Rs 2729.1.
As per , the total market cap of the . stood at Rs 79875.12 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 4573.48 crore for the quarter ended 31-Mar-2024, up 7.48 per cent from previous quarter's Rs 4255.19 crore and up 19.62 per cent from the year-ago quarter's Rs 3823.42 crore.
The net profit for latest quarter stood at Rs 189.53 crore, down 39.22 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 9.98 per cent stake in the firm, while foreign institutional investors held 28.32 per cent and the promoters 44.83 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 66.62 and a price-to-book ratio of 14.15. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Source: Stocks-Markets-Economic Times
