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The stock slipped 11.5% in the past two trading sessions to end at Rs 3,266.70 on yesterday, from its recent closing high of Rs 3,691.15 recorded on 11 September 2023.On the BSE, 13,238 shares were traded in the counter so far compared with average daily volumes of 77,913 shares in the past two weeks. The stock hit a high of Rs 3,391.75 and a low of Rs 3,213.75 so far during the day.The stock hit a 52-week high of Rs 3,737.15 on 11 September 2023. The stock hit a 52-week low of Rs 2,375.05 on 20 February 2023.The stock had outperformed the market over the past one month, rising 17.57% compared with 3.24% increase in the Sensex.The scrip had outperformed the market in past three months, advancing 19.08% as against Sensexs 6.79% jump.The counter had outperformed the market in past one year, soaring 28.63% as against 11.88% surge in Sensex.On the technical front, the stocks daily RSI (relative strength index) stood at 60.891. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 3,076.35, 2,957.52 and 2,821.11, respectively. These levels will act as support in the near term.Tube Investments of India, a Murugappa Group company, is one of Indias leading manufacturers of a wide range of precision engineered and metal formed products for major industries such as automotive, railway, construction, mining, agriculture, etc. The company is also a leading manufacturer of bicycles in India, with a range of iconic brands and a strong market presence.The company reported 10% rise in consolidated net profit to Rs 214.97crore on a 4% increase in revenue from operations to Rs 3,767.47 crore in Q1 FY24 as compared with Q1 FY23.

Tube Investments gains on bargain buying

Tube Investments of India Ltd is up for a third straight session today. The stock is quoting at Rs 3508.5, up 5.9% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 19947.45. The Sensex is at 66971.86, up 0.56%. Tube Investments of India Ltd has gained around 22.31% in last one month. Meanwhile, Nifty Bank index of which Tube Investments of India Ltd is a constituent, has gained around 6.26% in last one month and is currently quoting at 16102.9, up 1.14% on the day. The volume in the stock stood at 2.86 lakh shares today, compared to the daily average of 2.77 lakh shares in last one month.The PE of the stock is 89.17 based on TTM earnings ending June 23.

Tube Investments of India Ltd spurts 5.9%, gains for third straight session

Tube Investments of India Ltd gained for a third straight session today. The stock is quoting at Rs 3028.15, up 1.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.36% on the day, quoting at 19505.65. The Sensex is at 65554.17, up 0.26%. Tube Investments of India Ltd has dropped around 1.12% in last one month. Meanwhile, Nifty Bank index of which Tube Investments of India Ltd is a constituent, has dropped around 3.23% in last one month and is currently quoting at 15928.3, down 0.26% on the day. The volume in the stock stood at 1.62 lakh shares today, compared to the daily average of 2.4 lakh shares in last one month.The PE of the stock is 80.35 based on TTM earnings ending June 23.

Tube Investments of India Ltd soars 1.34%

The settlement of the feud removed the overhang on stocks of the Murugappa Group companies. Now the management and shareholders can focus on growth of the Group.

Murugappa Group stocks jump up to 6% as warring family branches settle feud

Tube Investments of India has allotted 4999 equity shares under ESOP. Post allotment of these shares, the paid up equity share capital has increased from Rs. 19,32,65,951to Rs. 19,32,70,950-.

Tube Investments of India allots 4999 equity shares under ESOP 

Motilal Oswal is bullish on Tube Investments of India recommended buy rating on the stock with a target price of Rs 3644 in its research report dated August 04, 2023.

Buy Tube Investments of India; target of Rs 3655: Motilal Oswal

Tube Investment Consolidated June 2023 Net Sales at Rs 3,897.66 crore, up 2.6% Y-o-Y

Tube Investment Standalone June 2023 Net Sales at Rs 1,780.14 crore, down 9.04% Y-o-Y

The acquisition of half the stake in Jayem Automotives will be made through a combination of primary subscription and secondary purchase of shares &quot;for a total sum of up to Rs 206 crore&quot;, a regulatory filing stated.

Tube Investments forays into small commercial EV segment, to acquire 50% stake in Jayem Auto

The overall trend looks positive, the Nifty index can move higher till 19,000 followed by 19,366 levels in the coming future.

Hot Stocks | Tube Investments, KPR Mill, APL Apollo Tubes may fetch double-digit returns in short term

Tube Investments of India Ltd. engages in the manufacture of engineered and metal formed mobility products for automotive, railway, construction, and agriculture industries. It operates through the following segments: Engineering, Metal Formed Products, and Mobility. The Engineering segment consists of cold rolled steel strips and precision steel tube, cold drawn welded tubes and electric resistance welded tubes. The Metal Formed Products segment comprises automotive chains, fine blanked products, stamped products, roll-formed car doorframes, and cold rolled formed sections for railway wagons and passenger coaches. The Mobility segment refers to standard bi-cycles, special bi-cycles including alloy bikes, and specialty performance bikes and fitness equipment. The company was founded on October 6, 2008 and is headquartered in Chennai, India.

Watchers	67
52-Wk Low	2,375.00
52-Wk High	3,736.40

Market Cap	618.53B
Volume (M)	115,025.00
52-Wk High	3,736.40
52-Wk Low	2,375.00

TIINDIA.NSE Tube Investments of India Ltd.

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