Buzzing stock: Tube Investments of India rises on giving strong Q4 numbers

Buzzing stock: Tube Investments of India rises on giving strong Q4 numbers

Ganesh V
/ Categories: Trending, Mindshare, DSIJ News

Tube Investments of India Ltd recently announced its March quarter results. Since then, the stock has been rallying.  

The company’s stock today increased by 9.07 per cent and made an intraday high of Rs 1,344 per share. The stock of the company has increased by 234 per cent from its decline in June 2020.  

The company reported net sales of Rs 2,624.72 crore for Q4FY21, which is an increase of 165.28 per cent, as against the net sales of Rs 989.40 crore for Q4FY20. The company reported an operating profit of Rs 344.83 crore in Q4FY21. In Q4FY20, it had reported a net profit of Rs 145.65 crore, which is an increase of 136.75 per cent. Meanwhile, the company reported a net profit of Rs 160.40 crore in Q4FY21. In Q4FY20, it had reported a net profit of Rs 59.76 crore, an increase of 168.41 per cent.  

Tube Investments of India Limited (TII) is a manufacturer of a wide range of products for major industries such as automotive, railway, construction, mining, agriculture, etc. Besides, engineering, metal-formed products, and bicycles are the company’s three main verticals. 

According to BSE data, the stock traded at a P/E multiple of 109.19 and a price-to-book ratio of 13.60. The stock has a 52-week high and a 52-week low of Rs 1,399 and Rs 397.15, respectively.  

At 12.26 pm today, the company’s stock was trading at Rs 1,202.00, down by 2.45 per cent on BSE.

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