Tube Investments shares up 1.81% as Nifty gains

NEW DELHI: Shares of Tube Investments of India Ltd. traded 1.81 per cent up in Monday's trade at 01:44PM (IST). Around 3,624 shares changed hands on the counter.

The scrip opened at Rs 3021.75 and touched an intraday high and low of Rs 3056.05 and Rs 2964.75, respectively, in the session so far. The stock of Tube Investments of India Ltd. quoted a 52-week high of Rs 3394.0 and a 52-week low of Rs 2073.15.

Total market cap of the Tube Investments of India Ltd. stood at Rs 59002.52 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 3946.14 crore for the quarter ended 30-Jun-2023, up 3.21 per cent from previous quarter's Rs 3823.42 crore and up 3.23 per cent from the year-ago quarter's Rs 3822.83 crore.

The net profit for latest quarter stood at Rs 214.97 crore, up 10.49 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, domestic institutional investors held 10.54 per cent stake in the firm, while foreign institutional investors held 29.41 per cent and the promoters 46.13 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 60.62 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.

Tube Investments of India Ltd. belongs to the Cycles & Accessories industry.