Tube Investments shares down 1.31% as Sensex rises

A total of 2,354 shares changed hands on the counter till 12:22PM (IST)

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Shares of Tube Investments of India Ltd. fell 1.31 per cent to Rs 3969.

2 in Thursday's session as of 12:22PM (IST) even as the equity benchmark Sensex traded 288.78 points higher at 83237.01.



Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4666.0 and a 52-week low of Rs 2881.

3 on NSE . Around 2354 shares changed hands on the counter till 12:22PM (IST). The stock opened at Rs 4040.

0 and has touched an intraday high and low of Rs 4047.75 and Rs 3949.8 during the session so far.

The counter quoted a price-to-earnings (PE) ratio of 63.53, earnings per share (EPS) of Rs 62.52 and price to book value (PB) of 14.

15, while the return on equity (ROE) stood at Rs 23.54. Promoter/ FII Holding The promoters held 45.

04 per cent stake in the company as of September 19, while FII and MF ownerships stood at 27.4 per cent and 10.36 per cent, respectively.

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66 crore, up 1.51 per cent from the previous quarter?s Rs 4573.48 crore and up 17.

65 per cent from the same quarter a year ago. The company reported net profit of Rs 225.23 crore for the latest quarter, up 4.

77 per cent from the corresponding quarter last year. Technical Indicators The relative strength index (RSI) of the stock stands at 46.32.

The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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