Share price of Tube Investments rises as Nifty strengthens

Shares of Tube Investments of India Ltd. gained 0.68 per cent to Rs 2799.4 in Monday's trade as of 10:26AM (IST).

The stock hit a high price of Rs 2843.9 and low of Rs 2793.65 during the session.

The return on equity (ROE) for the stock stood at 20.2 per cent. Traded volume on the counter stood at 10:26AM shares and turnover at Rs 0.35 crore around that time.

The stock of Tube Investments of India Ltd. quoted a 52-week high and 52-week low prices of Rs 3046.25 and Rs 1458.7, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.62.

Promotor/FII Holding
Promoters held 46.43 per cent stake in the company as of 31-Dec-2022, while overseas investors held 28.82 per cent and domestic institutional investors had 11.75 per cent.

Key Financials
The company reported consolidated sales of Rs 3823.42 crore for the quarter ended 31-Mar-2023, up 2.89 per cent from previous quarter's Rs 3716.1 crore and up 10.91 per cent from the year-ago quarter's Rs 3447.25 crore.

Net profit after tax for the latest quarter stood at Rs 311.84 crore, up 74.41 per cent from the same quarter a year ago.