Share price of Tube Investments falls as Sensex drops 582.4 points

The share price of Tube Investments of India Ltd. dropped 0.37 per cent to Rs 3330.3 at 10:40AM (IST) in Wednesday's trade. The stock has hit a high of Rs 3380.35 and low of Rs 3263.45 so far during the session. The stock had closed at Rs 3342.8 in the previous session.

The counter has had a total traded volume of 951 shares so far with a value of Rs 3169.0 crore on the NSE. It traded at a price-to-earnings multiple of 66.12 and a price-to-book ratio of 12.43.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 30.06 per cent during the past one year, while the 30-share index advanced 10.64 per cent during the same period.

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

Promotor/FII Holding
Promoters held 45.86 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 29.41 per cent and 10.54 per cent, respectively.

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 the previous quarter's Rs 3823.42 crore and up 3.23 per cent from the year-ago quarter's Rs 3822.83 crore.

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