Shares of Tube Investments rose 0.71 percent

Shares of Tube Investments of India Ltd rose 0.71 percent at around 10:30 am (IST) on Thursday to Rs. 3935.95 was traded. In the previous session, the share was Rs. closed at 3908.2. The equity benchmark Sensex was trading at 81742.54, up 219.38 points at the same time.

The scrip has gained 6.63 per cent in the past one year to date, while the 30-share index has gained 24.14 per cent over the same period.

The stock hit a 52-week high of Rs. 4666.0 and a 52 week low of Rs. was 2881.3.

Trading volume over the counter was 608 shares, while it quoted a price-to-earnings ratio of 63.09, an EPS value of 62.52 and a price-to-book value of 14.15. In Nifty 50 pack, 37 stocks were in green mark, while 13 stocks were in red mark.

Promoter/FII holding
As on 30-Jun-2024, promoters held 45.04 per cent stake in the company, while foreign institutional investors and mutual funds owned 27.4 per cent and 10.36 per cent, respectively.

Chief Financial Officer
In the quarter ended 30-Jun-2024, the company posted Rs. 4642.66 crore in consolidated sales, up from the previous quarter’s Rs. 4573.48 crore was 1.51 percent higher than the year-ago quarter’s Rs. 4964 was 17.65 percent more than that. In the latest quarter, the company posted Rs. 225.23 crore net profit was reported.

Technical indicators

MACD indicated a bearish bias on the counter. MACD is known for indicating the opposite trend in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called a signal line, is plotted above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.