 "Tube Investments hits record high as Q4 net more than doubles")
Shares of Tube Investments of India has rallied 8% to Rs 404 on the NSE in early morning trade after its consolidated net profit more than doubled to Rs 148 crore for the quarter ended March 2015 (Q4), on the back of strong operational performance. The Murugappa Group firm had registered a profit of Rs 69 crore in a year ago quarter.
During the quarter under review, total operational income grew 3.7% at Rs 2,367 crore, while total expenditure increased 1.3% at Rs 2,091 crore over the previous year quarter.
The stock opened at Rs 405 and touched a record high of Rs 410 on the NSE. A combined 301,301 shares changed hands on the counter till 0926 hours on the NSE and BSE.
During the quarter under review, total operational income grew 3.7% at Rs 2,367 crore, while total expenditure increased 1.3% at Rs 2,091 crore over the previous year quarter.
The stock opened at Rs 405 and touched a record high of Rs 410 on the NSE. A combined 301,301 shares changed hands on the counter till 0926 hours on the NSE and BSE.