The return on equity (ROE) for the stock stood at 23.54 per cent. Traded volume on the counter stood at 12:42PM shares and turnover at Rs 2.00 crore around that time. The stock of Tube Investments of India Ltd. quoted a 52-week high price of Rs 4807.05 and 52-week low prices of Rs 3338.80, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.6167.
Promotor/FII Holding
Promoters held 44.7 per cent stake in the company as of 30-Sep-2024, while FIIs held 28.39 per cent and domestic institutional investors had 9.52 per cent. Key Financials
The company reported consolidated sales of Rs 4995.2400 crore for the quarter ended 30-Sep-2024, 7.59 per cent from previous quarter’s Rs 4642.6600 crore and 14.38 per cent from the year-ago quarter’s Rs 4367.2300 crore. Net after tax for the latest quarter stood at Rs 206.79 crore, 21.48 per cent from the same quarter a year ago. Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
