Tube Investments shares up 0.65% as Nifty drops
A total of 2,237 shares changed hands on the counter till 10:10AM (IST).
NEW DELHI: Shares of . traded 0.65 per cent up in Friday's trade at 10:10AM (IST). Around 2,237 shares changed hands on the counter.The scrip opened at Rs 3591.0 and touched an intraday high and low of Rs 3636.0 and Rs 3550.0, respectively, in the session so far. Shares of the company of . quoted a 52-week high of Rs 4120.8 and a 52-week low of Rs 2432.0.
As per , the total market cap of the Ltd. stood at Rs 69743.35 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 4255.19 crore for the quarter ended 31-Dec-2023, down 2.57 per cent from previous quarter's Rs 4367.23 crore and down 14.51 per cent from the year-ago quarter's Rs 3716.1 crore.
The net profit for latest quarter stood at Rs 531.06 crore, up 125.26 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs held 10.19 per cent stake in the firm, while foreign institutional investors held 28.83 per cent and the promoters 44.84 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 52.79 and a price-to-book ratio of 12.43. 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.
Ltd. belongs to the Cycles & Accessories industry.
Source: Stocks-Markets-Economic Times
