The stock price opened at Rs 4160.75 and hit an intraday high of Rs 4166.55 and a low of Rs 4115.0 in the previous session. Tube Investments of India Ltd’s stock price hit a 52-week high of Rs 4666.0 and a 52-week low of Rs 2729.1.
As per the BSE, at the time of writing this report, Tube Investments of India Ltd’s market capitalisation stood at Rs 7,962,255 crore.
Key Financial Information
The company reported consolidated net sales of Rs 45,734.8 million for the quarter ended March 31, 2024, up 7.48% from Rs 4,255.19 million in the previous quarter and up 19.62% from Rs 3,823.42 million in the same period last year.
Net profit for the latest quarter was Rs 1,895.3 crore, down 39.22% from the same period last year.
Shareholding Patterns
As of June 30, 2024, domestic institutional investors hold 10.36% of the company’s shares, foreign institutional investors hold 27.41% and promoters hold 44.78%.
Evaluation ratio
As per BSE data, the stock is trading at a P/E multiple of 66.41 and a price-to-book multiple of 14.15. A higher P/E multiple indicates that investors are willing to pay a higher price for expected future growth. Price-to-book multiple indicates the intrinsic value of a company and is a measure of the price investors are willing to pay even in the absence of business growth.
Tube Investments of India Ltd. is in the Bicycles & Accessories industry.
