Tube Investments Share Price: Tube Investments shares up 0.96% as Nifty gains

NEW DELHI: Shares of Tube Investments of India Ltd. traded 0.96 per cent up in Wednesday’s trade at 10:35AM (IST). Around 1,517 shares changed hands on the counter.

The counter opened at Rs 3474.7 and touched an intraday high and low of Rs 3481.35 and Rs 3430.0, respectively, in the session so far. Shares of the company of Tube Investments of India Ltd. quoted a 52-week high of Rs 3836.1 and a 52-week low of Rs 2375.05.

Total market cap of the Tube Investments of India Ltd. stood at Rs 66694.99 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-Sep-2023, domestic institutional investors held 9.14 per cent stake in the firm, while foreign institutional investors held 30.42 per cent and the promoters 46.11 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 70.65 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.