Tube Investments shares fall 0.08 per cent in Tuesday's trading session

Shares of Tube Investments of India Ltd. fell 0.08 per cent to Rs 2982.45 in Tuesday's trade as of 12:33PM (IST) even as the benchmark Nifty ruled at 19529.6, down 108.7 points.

The scrip had closed at Rs 2985.05 in the previous session. The stock quoted a 52-week low of Rs 2375.05 and a high of Rs 3737.15. The company quoted a market-cap of Rs 57733.76 crore on the BSE.

On BSE, 3,447 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 59.31 times its trailing 12-month EPS of Rs 50.36 per share and 12.43 times its book value. The return on equity (ROE) stood at Rs 24.27.

Key Financials
For the quarter ended 30-Jun-2023, Tube Investments of India Ltd. reported consolidated sales of Rs 3946.14 crore, up 3.23 per cent from the same quarter a year ago. The company reported 10.49 per cent YoY growth in net profit at Rs 214.97 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.