The total number of shares purchased or sold is more than 0.5% of the company’s share capital is considered as a bulk deal transaction. On Tuesday in this large-cap stock, SBI Mutal Fund bought 12.04 lakh shares or 0.62% equity through a bulk deal. In six months, the stock has delivered 16% returns.
Tube Investment of India Ltd
Tube Investment of India Ltd, the company has a market capitalisation of Rs. 57,547 Cr making it a large-cap company. On Tuesday stock jumps more than 1%, at 14:00 p.m., shares were trading 0.13% up at Rs. 2,988.85 on BSE.
According to the BSE bulk deal data, SBI Mutual Fund bought 12.04 lakh shares which is 0.62% of the equity at Rs. 2,900 and Ambadi Enterprises Ltd sold 10.5 lakh shares which is 0.54% of the equity at Rs. 2,904.60.
The total revenues of the company increased by 3.8% from Rs. 3,800 Cr in Q1 FY23 to Rs. 3,946.14 Cr in Q1 FY24 and the company’s net profit grew by 14.6% from Rs. 241.52 Cr in Q1 FY23 to Rs. 276.90 Cr in Q1 FY24.
As per the latest shareholding data, Promoters hold 46.13%, the public hold 11.76%, FIIs hold 29.27% and DIIs hold 12.84% stake in the company.
Tube Investments of India Limited is an Indian engineering and manufacturing firm that specializes in bicycles, metal-formed items, and chains. It is based in Chennai and is part of the Murugappa Group.
Written by Sheshadri N
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