Tube Investments Of India Ltd up by 12.26 percent | Espresso


Espresso Shot of the Day - Tube Investments Of India Ltd up by 12.26 percent

July 19, 2022
Espresso Shot of the Day - Tube Investments Of India Ltd up by 12.26 percent

TUBE INVESTMENTS OF INDIA LTD 2256.90  (+12.26%) BSE –  INE974X01010| 19th July 2022

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 the 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. In over six decades of its existence, TII has built significant skills in engineering and metallurgy, which is fully supported by a central R&D function. A Total Quality Management approach has ensured a satisfied community of customers and TII is the preferred supplier in all the markets it operates. TII continues the tradition of financial discipline and prudence set by the founding fathers. It is this tradition that has earned TII the unique distinction of uninterrupted dividend distribution since 1954.

Recent Drivers

  • On July 14th 2022, Tube Investments of India said its wholly owned subsidiary, TI Clean Mobility (TICMPL), has entered into a definitive agreement for the acquisition of 65.2% in the equity share capital of IPL Tech Electric. The company said that the proposed acquisition by TICMPL is in line with the intent to broaden its product and business portfolio with a view to reducing its dependence on existing revenue streams.
  • Murugappa group’s engineering company Tube Investments of India Ltd. (TII) plans to enter new business segments such as medical devices and instruments, electronic products and components, and energy-related products said on May 13th
  • On May 12th2022, the company reported a quarterly net profit of Rs. 178.80 crores in March 2022, up 24.3% from Rs. 143.84 crores in March 2021.
  • On May 12th 2022, the company reported net sales of Rs 3,414.96 crore in March 2022, up 24.96% from Rs. 2,732.82 crores in March 2021.
  • The Board of Directors recommended a final dividend of Rs.1.50 (Rupee One and Paise Fifty only) per equity share of Rupee 1/- each for the financial year ended 31st March, 2022.
  • Murugappa Group’s engineering company Tube Investments of India Ltd (TII) announced the appointment of Mukesh Ahuja as the Managing Director of the company on March 16, 2022.

(Sources: BSE, Money control, , Business Standard,The Hindu)

Technical Force*

  • S&P BSE 200 month till date gain by 4.83%
  • 3 months avg. NSE volume: 226,236
  • Quantity traded: 58,057| Deliverable Quantity: 21,336 (36.75%)
  • The stock price jumped by more than 100 % from a one-year low level: 1064.50 (July 20, 2021)
  • Daily RSI (14) is near overbought territory today
  • 52-week-high: 2317.90 | 52-week-low: 1064.50

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Some Key Ratios (Source: BSE)

Market Cap: 43,556.04 Crores

PE:  91.66

OPM%: 12.23

ROE%:  17.59

Promoters holding%: 46.46

Prev. Close:  2010.50

*Chart and Technical Force data 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.