Tube Investments shares rise 1.35 per cent in Thursday's trading session

Shares of Tube Investments of India Ltd. rose 1.35 per cent to Rs 2723.75 in Thursday's trade as of 11:28AM (IST) even as the benchmark Nifty ruled at 18225.25, down 60.15 points.

The scrip had closed at Rs 2687.4 in the previous session. The stock quoted a 52-week low of Rs 1458.7 and a high of Rs 3046.25. The company quoted a market-cap of Rs 52524.47 crore on the BSE.

On BSE, 7,460 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 55.12 times its trailing 12-month EPS of Rs 49.35 per share and 14.92 times its book value. The return on equity (ROE) stood at Rs 20.2.

Key Financials
For the quarter ended 31-Mar-2023, Tube Investments of India Ltd. reported consolidated sales of Rs 3823.42 crore, up 10.91 per cent from the same quarter a year ago. The company reported 74.41 per cent YoY growth in net profit at Rs 311.84 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.