Tube Investments shares up 1.77% as Nifty drops
A total of 3,704 shares changed hands on the counter till 12:23PM (IST).
NEW DELHI: Shares of . traded 1.77 per cent up in Monday's trade at 12:23PM (IST). Around 3,704 shares changed hands on the counter.The stock opened at Rs 3510.95 and touched an intraday high and low of Rs 3562.95 and Rs 3455.0, 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.
Total market cap of the Ltd. stood at Rs 68898.29 crore at the time of writing this report.
Key Financials
The company reported consolidated 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, domestic institutional investors held 10.19 per cent stake in the company, while foreign institutional investors held 28.83 per cent and the promoters 45.1 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 52.15 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
