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TUBE INVESTMENTS OF INDIA Gains 6%; BSE CAPITAL GOODS Index Up 0.1%
Thu, 28 Nov 10:55

TUBE INVESTMENTS OF INDIA Gains 6%; BSE CAPITAL GOODS Index Up 0.1%Image source: DNY59/www.istockphoto.com

TUBE INVESTMENTS OF INDIA share price has zoomed 6% and is presently trading at Rs 3,608.0.

Meanwhile, the BSE CAPITAL GOODS index is at 70,388.3 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (up 10.0%) and Lakshmi Machine (up 3.0%).

ABB (down 1.0%) and GRINDWELL NORTON (down 0.7%) are among the top losers today.

Over the last one year, TUBE INVESTMENTS OF INDIA has moved up from Rs 3,421.6 to Rs 3,608.0, registering a gain of Rs 186.5 (up 5.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,868.6 to 70,388.3, registering a gain of 44.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 116.0%), Siemens (up 106.8%) and HINDUSTAN AERO. (up 95.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,550.7 (down 0.9%).

The top losers among the BSE Sensex today are Infosys (down 2.7%) and M&M (down 2.5%). The most traded stocks in the BSE Sensex are MUNDRA PORT & SEZ and Axis Bank.

In the meantime, NSE Nifty is at 24,072.2 (down 0.8%). Infosys and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,550.7, registering a gain of 13,376.5 points (up 20.2%).

TUBE INVESTMENTS OF INDIA Financial Update...

TUBE INVESTMENTS OF INDIA net profit fell 18.8% YoY to Rs 2,993 million for the quarter ended September 2024, compared to a profit of Rs 3,686 million a year ago. Net sales rose 14.4% to Rs 49,246 million during the period as against Rs 43,056 million in July-September 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 60.3.


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