Tube Investments of India lost 2.73% to Rs 686.60 at 15:28 IST on BSE on profit booking after gaining 11.32% in the preceding three trading sessions to settle at Rs 705.85 yesterday, 12 April 2017, from its close of Rs 634.05 on 7 April 2017.
Meanwhile, the S&P BSE Sensex was down 175.70 points or 0.59% at 29,467.78.
On BSE, so far 26,000 shares were traded in the counter as against average daily volume of 18,199 shares in the past one quarter. The stock hit a high of Rs 717.35 and a low of Rs 664 so far during the day. The stock had hit a record high of Rs 730 on 12 April 2017. The stock had hit a 52-week low of Rs 401 on 13 April 2016.
The stock had outperformed the market over the past one month till 12 April 2017, rising 16.7% compared with 0.68% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 22.28% as against Sensex's 8.79% rise.
The large-cap company has an equity capital of Rs 37.49 crore. Face value per share is Rs 2.
Tube Investments of India's net profit surged 67.4% to Rs 27.47 crore on 8.19% growth in total income to Rs 974.39 crore in Q3 December 2016 over Q3 December 2015.
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Tube Investments of India is primarily engaged in the production of steel tubes, cold rolled steel strips and metal sections, as well as bicycles and all critical bicycle components. Its unit TI Cycles is a leading bicycle maker in India.
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