A block deal of 6.78 lakh shares was executed at Rs 140 per share at 11:31 IST. Another block deal of 3.21 lakh shares was executed at Rs 139.75 per share at around same time. Third block deal of 1.04 lakh shares was executed at Rs 140 per share at 12:01 IST.
The three block deals constitute 0.59% of Tube Investments of India's equity.
Meanwhile, the S&P BSE Sensex was down 57.44 points or 0.3% at 19,085.56.
On BSE, 11.08 lakh shares were traded in the counter as against average daily volume of 83,318 shares in the past one quarter.
The stock hit a high of Rs 141.10 and a low of Rs 138 so far during the day. The stock had hit a 52-week low of Rs 135.70 on 12 June 2012. The stock had hit a record high of Rs 221.60 on 18 December 2012.
The stock underperformed the market over the past one month till 11 June 2013, sliding 14.4% compared with the Sensex's 4.87% fall. The scrip had also underperformed the market in past one quarter, falling 18.02% as against Sensex's 2.56% decline.
The small-cap company has equity capital of Rs 37.34 crore. Face value per share is Rs 2.
Tube Investments of India's consolidated net profit fell 22.1% to Rs 59.91 crore on 14.5% growth in net sales to Rs 2010.97 crore in Q4 March 2013 over Q4 March 2012.
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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