The counter had a total traded volume of 11:27AM shares so far with a turnover of Rs 1.39 crore on BSE. The stock traded at a price-to-earnings multiple of 81.37 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 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.
Promotor/FII Holding
Promoters held 45.1 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 28.83 per cent and 14.13 per cent, respectively.
Key Financials
The firm reported consolidated net 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.
Its profit for the latest quarter stood at Rs 214.97 crore, up 10.49 per cent from the same quarter a year ago.
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