Tube Investments of India Ltd up by 15.55 percent | Espresso

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Espresso shot of the day – Tube Investments of India Ltd up by 15.55 percent

November 02, 2021
Espresso shot of the day – Tube Investments of India Ltd up by 15.55 percent

TUBE INVESTMENTS OF INDIA LTD 1669.45  (+15.55%) BSE – INE974X01010 | 2ND NOVEMBER 2021

In 1959, Tube Investments of India (TII) was formed by merging TI Cycles of India and Tube Products of India. TI Diamond Chain was merged with the parent company, in 2004. In 1962, the company saw a potential to leverage its engineering skills to address the market for roll formed metal products. So a new unit called TI Metal Forming was created to realize this potential; to this day it is recognized as the pioneer in this business. During the 1990s TII made many bold acquisitions to enhance its presence in its core businesses. The most notable, was the case of Satavahana chains, a sick BIFR company that was turned round to a highly profitable unit.

Recent Drivers

  • On Oct 28, 2021, Net profit of Tube Investments of India rose 69.77% to Rs 168.48 crores in the quarter ended September 2021
  • On Sep 29, 2021, The Company allotted 5,000 equity shares of Re.1/- each at an Exercise Price of Rs.270.20 per share to its employees
  • On Sep 15 , 2021, The government approved the PLI scheme worth Rs 26,058 for the auto sector to promote domestic manufacturing and create job opportunities
  • On Aug 27, 2021, Tube Investments of India Ltd. (TII) geared up to unveil electric three-wheelers by the first quarter of 2022 and is exploring the possibility of manufacturing electric two-wheelers.
(Sources: Moneycontrol, BSE India , Business Standard )


Technical Force*

  • S&P BSE 500 month till date gain up by 1.49 %
  • Traded on 52 Week High Value 1700.05
  • 3 months avg. NSE volume: 1,64,129
  • Quantity traded: 49,620 | Deliverable quantity: 15,164 (30.56%)
  • Stock price has jumped more than 160 % from one-year low level: 647.70 (Nov 02, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 1700.05 | 52-week-low: 647.70


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

  1666.02

1273.93

1039.17

647.08

412.32

20.23

-

    -

Fibonacci Pivot

1273.93

1034.48

886.54

791.26

647.08

502.91

407.63

259.69

20.23


Today’s Close

1669.45

SMA

BSE

10 DAY

1431.67

20 DAY

1393.88

50 DAY

1384.99

200 DAY

1180.31


Some Key Ratios (Source: BSE)

Market Cap: 32,192.50 crores

PE: 70.82

OPM%: 12.15

ROE%: 18.32

Promoters holding%: 46.49

Prev. Close: 1444.80


Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.