Tube Investments Share Price: Tube Investments stock price down 0.88 per cent as Sensex slides

Shares of Tube Investments of India Ltd. fell 0.88 per cent to Rs 3977.0 at 01:44PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 3,933 shares with a turnover of Rs 1.55 crore till 01:44PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 52.32, while the price-to-book value ratio stood at 12.43.

Return on equity (ROE) was at 24.27 per cent, according to exchange data. The stock hit an intraday high of Rs 4035.0 and a low of Rs 3889.0 during the session and quoted a 52-week high price of Rs 4120.8 and a 52-week low of Rs 2601.0.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.62.

Technical Indicators The 200-DMA (day moving average) of the stock stood at Rs 3396.23 on May 07, while the 50-DMA was at Rs 3626.87. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way. The Relative Strength Index (RSI) of the stood at 70.63. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. Promoter holding

As of 31-Mar-2024, promoters held 45.1 per cent stake in the company, while overseas investors held 28.33 per cent and domestic institutional investors had 14.8 per cent.

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