Tube Investments stock price: Tube Investments stock price rises as Nifty falls

Shares of Tube Investments of India Ltd. rose 0.2% to Rs 3556.0 in Wednesday trading as of 11:26 am IST. It hit a high of Rs 3565.5 and a low of Rs 3529.5 during the session.

The stock has a 52-week high of Rs 4,120.8 and a 52-week low of Rs 2,432.0. The stock’s return on equity (ROE) was 24.27%. Approximately 724 shares have been traded to date.

The beta value, which measures volatility compared to the overall market, recorded 0.62.

The scrip has performed exceptionally well, rising 28.1 per cent over the past year as compared to Sensex’s rise of 20.24 per cent.

technology
On the technical charts, the stock’s 200-day moving average (DMA) was Rs 2432.0 on February 28, while its 50-DMA was Rs 3702.96. If a stock is trading well above the 50-DMA and 200-DMA, this usually means the immediate trend is up. On the other hand, if a stock is trading well below both the 50-DMA and 200-DMA, it is considered a bearish trend, while if it is trading between these averages, it means the stock could go in either direction.

Promoter/FII holdings
The promoters hold 44.84% stake in Tube Investments of India Ltd. as on December 31, 2023. Mutual funds and foreign institutional investors held 10.19% and 28.83% of the shares, respectively.

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