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TUBE INVESTMENTS OF INDIA Plunges 5%; BSE CAPITAL GOODS Index Down 1.0%
Fri, 21 Jun 18:59

TUBE INVESTMENTS OF INDIA share price has plunged 5% and is presently trading at Rs 3,986.9.

Meanwhile, the BSE CAPITAL GOODS index is at 71,779.2 (down 1.0%).

Among the top losers in the BSE CAPITAL GOODS index today are Carborundum Universal (down 3.1%) and TIMKEN INDIA (down 2.8%).

V GUARD IND. (up 3.0%) and SCHAEFFLER INDIA (up 1.3%) are among the top gainers today.

Over the last one year, TUBE INVESTMENTS OF INDIA has moved up from Rs 3,017.9 to Rs 3,986.9, registering a gain of Rs 969.1 (up 32.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,944.1 to 71,779.2, registering a gain of 79.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 235.4%), HINDUSTAN AERO. (up 168.7%) and Bharat Electronics (up 143.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,209.9 (down 0.4%).

The top losers among the BSE Sensex today are Ultratech Cement (down 2.2%) and L&T (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 23,501.1 (down 0.3%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,327.7 to 77,209.9, registering a gain of 13,882.2 points (up 21.9%).

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 2023, TUBE INVESTMENTS OF INDIA reported 19.7% increase in net profit to Rs 11,584 million compared to net profit of Rs 9,676 million during FY22. Revenue of the company grew 20.2% to Rs 149,647 million during FY23.

The current Price to earnings ratio of TUBE INVESTMENTS OF INDIA, based on rolling 12 month earnings, stands at 65.1.


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