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TUBE INVESTMENTS OF INDIA Gains 6%; BSE CAPITAL GOODS Index Down 0.4%
Wed, 10 Jul 15:59

TUBE INVESTMENTS OF INDIA Gains 6%; BSE CAPITAL GOODS Index Down 0.4%Image source: peterschreiber.media/www.istockphoto.com

TUBE INVESTMENTS OF INDIA share price has zoomed 6% and is presently trading at Rs 4,666.0.

Meanwhile, the BSE CAPITAL GOODS index is at 75,207.7 (down 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 1.6%) and Siemens (up 0.9%).

SCHAEFFLER INDIA (down 3.1%) and Thermax (down 3.1%) are among the top losers today.

Over the last one year, TUBE INVESTMENTS OF INDIA has moved up from Rs 3,141.9 to Rs 4,666.0, registering a gain of Rs 1,524.2 (up 48.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,584.0 to 75,207.7, registering a gain of 85.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 259.6%), HINDUSTAN AERO. (up 191.1%) and Bharat Electronics (up 171.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,924.8 (down 0.5%).

The top losers among the BSE Sensex today are M&M (down 6.7%) and Tata Steel (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,312.4 (down 0.5%). M&M and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,924.8, registering a gain of 14,580.6 points (up 22.3%).

TUBE INVESTMENTS OF INDIA Financial Update...

TUBE INVESTMENTS OF INDIA net profit fell 13.5% YoY to Rs 2,715 million for the quarter ended March 2024, compared to a profit of Rs 3,139 million a year ago. Net sales rose 18.9% to Rs 44,901 million during the period as against Rs 37,776 million in January-March 2023.

For the year ended March 2024, TUBE INVESTMENTS OF INDIA reported 2.5% increase in net profit to Rs 11,869 million compared to net profit of Rs 11,584 million during FY23. Revenue of the company grew 12.9% to Rs 168,903 million during FY24.

The current Price to earnings ratio of TUBE INVESTMENTS OF INDIA, based on rolling 12 month earnings, stands at 76.2.


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