Tube Investments shares gain 0.37% as Sensex falls
The stock quoted a 52-week high of Rs 4120.8 and a 52-week low of Rs 2497.0.
Shares of traded 0.37 per cent higher in Tuesday's session at 10:56AM (IST). The stock opened at Rs 3467.15 and has touched an intraday high and low of Rs 3520.95 and Rs 3467.15, respectively, during the session so far.The stock quoted a 52-week high of Rs 4120.8 and a 52-week low of 2497.0. About 349 shares changed hands on the counter so far.
Benchmark Nifty50 was down 77.1 points at 22195.4, while the BSE traded 334.67 points lower at 73065.11 at the time of writing of this report.
In the pack, 16 stocks traded the day in the green, while 34 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 3363.74 on April 16, while the 50-DMA was at Rs 3595.56. 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
