Tube Investments stock price up 1.57 per cent as Sensex slides

Shares of Tube Investments of India Ltd. rose 1.57 per cent to Rs 3010.0 at 10:15AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 1,461 shares with a turnover of Rs 0.44 crore till 10:15AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 59.45, while the price-to-book value ratio stood at 12.43.

Return on equity (ROE) was at 24.27 per cent, according to exchange data. The stock hit an intraday high of Rs 3029.6 and a low of Rs 2965.0 during the session and quoted a 52-week high price of Rs 3737.15 and a 52-week low of Rs 2375.05.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.62.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 2839.78 on October 16, while the 50-DMA was at Rs 3041.86. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 46.54. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2023, promoters held 46.13 per cent stake in the company, while overseas investors held 29.41 per cent and domestic institutional investors had 12.25 per cent.