Tube Investments of India lost 4.89% to Rs 202.25 at 14:37 IST on BSE, with the stock sliding on profit booking after consolidated net profit rose 15% to Rs 69 crore on 8% growth in revenue to Rs 2282 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced after market hours on Monday, 5 May 2014.
Meanwhile, the S&P BSE Sensex was up 48.77 points or 0.22% at 22,493.89.
On BSE, so far 52,000 shares were traded in the counter as against average daily volume of 27,528 shares in the past one quarter.
The stock was volatile. The stock lost as much as 5.19% at the day's low of Rs 201.60 so far during the day. The stock rose as much as 0.86% at the day's high of Rs 214.50 so far during the day. The stock had hit a 52-week high of Rs 218 on Monday, 5 May 2014. The stock had hit a 52-week low of Rs 123 on 21 June 2013.
The stock outperformed the market over the past one month till 5 May 2014, surging 13.5% compared with the Sensex's 0.38% rise. The scrip had also outperformed the market in past one quarter, jumping 20.01% as against Sensex's 10.78% rise.
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The small-cap company has equity capital of Rs 37.38 crore. Face value per share is Rs 2.
Shares of Tube Investments of India (TII) had witnessed a pre-result rally. The stock had rallied 11.86% in two trading sessions to settle at Rs 212.65 on Monday, 5 May 2014, from a recent low of Rs 190.10 on 30 April 2014.
TII's consolidated net profit rose 7.61% to Rs 311 crore on 14% growth in revenue to Rs 8834 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
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.
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