Tube Investments hits 6 month-high; zooms 29% in 2 weeks on strong outlook

TII's diversified approach to de-risk from auto sector and concentrate more on other industrial segments (like railways & powers through the inorganic form) to support long-term revenue visibility.

Shares of Tube Investments of India (TII) hit a six month-high of Rs 1,948.80 on rallying 7 per cent on the BSE in Wednesday trade. The scrip of the auto ancillary company was trading at its highest level since January 2022. It had hit a 52-week high of Rs 2,021 on January 4, 2022.
In the past two weeks, TII has outperformed the market by zooming 29 per cent as compared to a 3 per cent rise in the S&P BSE Sensex, on the back of a strong business outlook. 

TII is a flagship company of the Murugappa group.  It