Tube Investments share price plunges over 6% amid block deal reports
- Tube Investments share price gained over 4% in the last one month, while the stock is up nearly 8% year-to-date (YTD). In the last three years, Tube Investments shares have rallied 390%.
Tube Investments of India share price declined over 6% in the early trade on Friday amid reports of a block deal on stock exchanges. Tube Investments shares fell as much as 6.44% to ₹2,900 apiece on the BSE.
Around 1.04 million Tube Investments shares changed hands in a bunch of trades, reports said.
However, the details about the buyers and sellers in the Tube Investments block deal were not known.
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Tube Investments of India is an automobile ancillary company and a part of the diversified conglomerate Murugappa Group.
Tube Investments share price gained over 4% in the last one month, while the stock is up nearly 8% year-to-date (YTD). In the last three years, Tube Investments shares have rallied 390%.
The stock hit a 52-week high of ₹3,737.15 apiece on September 11, 2023, and a 52-week low of ₹2,375.05 on February 20, 2023.
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Tube Investments of India reported a standalone net profit of ₹134.32 crore for the quarter ending June 30, 2022, as against a net profit of ₹96.96 crore in the same period last financial year.
The company’s standalone total income in Q1FY24 grew to ₹1,969.04 crore from ₹1,267.64 crore, YoY.
At 10:45 am, Tube Investments of India shares were trading 3.29% lower at ₹2997.90 apiece on the BSE.
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