Share price of Tube Investments jumps as Sensex gains 509.55 points
Promoters held 44.84 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 28.83 per cent and 10.19 per cent, respectively.
The share price of . gained 1.63 per cent to Rs 3511.45 at 12:17PM (IST) in Thursday's trade. The stock has hit a high of Rs 3522.05 and low of Rs 3370.05 so far during the session. The stock had closed at Rs 3455.1 in the previous session.The counter has had a total traded volume of 908 shares so far with a value of Rs 0.32 crore on the . It traded at a price-to-earnings multiple of 51.44 and a price-to-book ratio of 12.43.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 29.65 per cent during the past one year, while the 30-share index advanced 25.83 per cent during the same period.
. belongs to the Cycles & Accessories industry.
Promotor/FII Holding
Promoters held 44.84 per cent stake in the company as of 31-Dec-2023, while FIIs and domestic institutional investors ownership stood at 28.83 per cent and 10.19 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 4255.19 crore for the quarter ended 31-Dec-2023, 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's Rs 3716.1 crore.
Profit for the latest quarter stood at Rs 531.06 crore, up 125.26 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
