Tube Investments stock price down 1.55 per cent as Sensex slides
As of 31-Mar-2024, promoters held 44.83 per cent stake in the company, while FIIs held 28.32 per cent and domestic institutional investors had 9.98 per cent.
Shares of fell 1.55 per cent to Rs 3748.95 at 01:43PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.As per data available on , total traded quantity on the counter stood at 2,716 shares with a turnover of Rs 1.02 crore till 01:43PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 61.21, while the price-to-book value ratio stood at 18.18.
Return on equity (ROE) was at 18.49 per cent, according to exchange data. The stock hit an intraday high of Rs 3845.95 and a low of Rs 3743.4 during the session and quoted a 52-week high price of Rs 4159.5 and a 52-week low of Rs 2729.1.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.62.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 3447.95 on May 28, while the 50-DMA was at Rs 3697.23. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 48.71. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Mar-2024, promoters held 45.1 per cent stake in the company, while foreign institutional investors held 28.33 per cent and domestic institutional investors had 14.8 per cent.
Source: Stocks-Markets-Economic Times
