Shares of Tube Investments of India Ltd. went up by 1.1% on Friday, reaching Rs 3,616.10. During the day, the stock hit a high of Rs 3,655.20 and a low of Rs 3,567.80. Over the past year, the stock reached a highest price of Rs 4,807.05 and a lowest price of Rs 3,338.80. By 12:55 PM (IST), a total of 1,906 shares were traded, amounting to Rs 0.69 crore, according to Niftystat. The stock closed at Rs 3,656.65 in the last session.
In the last month, Tube Investments’ shares have increased by 5%, while the BSE Sensex, a major stock index, grew by about 1.31%. The stock currently has a price-to-earnings (P/E) ratio of 60.75 and a price-to-book ratio of 14.15. A higher P/E indicates that investors expect better earnings in the future, while the price-to-book value helps understand what investors think the company is worth, even if it doesn’t grow.
Tube Investments operates in the Cycles & Accessories industry. As of September 30, 2024, promoters own 44.7% of the company. Foreign Institutional Investors (FIIs) hold 28.39%, and Mutual Funds (MFs) own 9.52%.
Key Financials: In the quarter ending September 30, 2024, the company reported sales of Rs 4,995.24 crore, which is a 7.59% increase from the previous quarter’s Rs 4,642.66 crore, and a 14.38% rise from Rs 4,367.23 crore from the same quarter last year. The net profit for this latest quarter was Rs 206.79 crore, marking a 21.48% increase compared to a year ago.
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