Tube Investments of India Ltd spurts 1.07%, up for third straight session
Tube Investments of India Ltd is quoting at Rs 3115.1, up 1.07% on the day as on 12:49 IST on the NSE. The stock is down 26.45% in last one year as compared to a 5.84% gain in NIFTY and a 5.54% gain in the Nifty Auto index.
Tube Investments of India Ltd rose for a third straight session today. The stock is quoting at Rs 3115.1, up 1.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 25552.7. The Sensex is at 83759.31, down 0.36%. Tube Investments of India Ltd has added around 1.94% in last one month.
Meanwhile, Nifty Auto index of which Tube Investments of India Ltd is a constituent, has added around 2.55% in last one month and is currently quoting at 24007.95, down 0.36% on the day. The volume in the stock stood at 1.26 lakh shares today, compared to the daily average of 3.3 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 3119.7, up 0.76% on the day. Tube Investments of India Ltd is down 26.45% in last one year as compared to a 5.84% gain in NIFTY and a 5.54% gain in the Nifty Auto index.
The PE of the stock is 45.4 based on TTM earnings ending March 25.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
26 minutes ago
- Business Standard
Apollo Hospital rallies after board OKs demerger of digital & pharmacy units
Apollo Hospital Enterprise (AHEL) added 3.25% to Rs 7,477.95 after the company's board approved to spin-off its omnichannel pharmacy and digital health businesses through scheme of arrangement. The board of AHEL and its subsidiary, Apollo HealthCo granted in-principle approval for the demerger of Omnichannel Pharma and Digital Health business. The proposed structure enables direct access of omni-channel pharmacy and digital health business to the shareholders of AHEL. For every 100 shares of AHEL, the shareholders of AHEL will receive 195.2 shares of the new company, Apollo Healthtech enabling their direct participation in the value unlock. The proposed transaction will result in the creation of the largest, integrated omni channel healthcare eco-system with a FY25 revenue of approximately Rs 16,300 crore ($ 1.9 billion) in FY25. The Apollo Healthtech is expected to achieve a revenue run rate of Rs 25,000 crore ($2.9 billion) by FY27. Upon the effectiveness of the Scheme, Apollo Healthtech will become an Indian owned and controlled company (IOCC) and it will apply for listing on the stock exchanges. The listing is expected within 18 to 21 months. AHEL will retain 15% stake in the Apollo Healthtech to ensure an integrated, seamless, and comprehensive healthcare offering across the patient lifecycle. Upon becoming an IOCC, the Apollo Healthtech also proposes to consolidate the front-end pharmacy business by acquiring the remaining 74.5% stake in Apollo Medicals (AMPL), which owns 100% of APL. Dr Prathap C Reddy, chairman, Apollo Hospitals Group, said "Today's developments mark the beginning of the next chapter of Apollo Hospitals' relentless mission to bring healthcare of world-class standards within the reach of every individual. The omnichannel pharmacy business and integrated digital healthcare ecosystem will be a unique model to enable access to high-quality healthcare for millions of Indians. What Apollo Hospitals achieved for the creation of the private healthcare industry in India, this new entity will create for the digitally forward generation of tomorrow. We have the opportunity to make a positive difference to their lives and partner in their wellness pursuits. I wish both the teams all the best as they enter uncharted territory with infinite potential." Suneeta Reddy, managing director, Apollo Hospitals Enterprise said, "Apollo has always focused on growth, reach, and scale. We have carefully built our formats-of-care around the consumer at the centre. This comprehensive integrated network, overlaid with a strong digital layer, will allow us to create an impact of magnitude greater than could be achieved with a single format of care. AHEL will continue its focus on outstanding healthcare delivery, while the New Entity will accelerate its efforts on deepening customer engagement and penetration, with clear capital allocation outlays, growth plans and management teams driving both. Together, we will generate unparalleled value for the consumer, while making sure that all synergies and network effects stay intact, rooted in the Apollo ethos of quality and trust." Shobana Kamineni, executive chairperson, Apollo HealthCo said, "The New Entity, once integrated, will be a truly customer-focused healthcare leader, with capabilities across the value chain. Delivering medicines seamlessly from more than 7,000 physical stores, online delivery platform serving over 19,000 pincodes, with Keimed ensuring supply chain integrity, our aspiration is that we will serve over 100 million Indians with trusted quality and availability. With each business expected to record healthy rates of growth, we will continue to be the leader in this sector. Apollo Hospitals Enterprise has established a strong presence across the healthcare ecosystem, encompassing hospitals, pharmacies, primary care and diagnostic clinics, as well as various retail health models. The company reported 53.5% jump in consolidated net profit to Rs 389.60 crore on 13.1% increase in revenue from operations to Rs 5,592.20 crore in Q4 FY25 over Q4 FY24.
India Today
34 minutes ago
- India Today
Ather Rizta S with 3.7kWh battery pack launched at Rs 1.37 lakh
Ather Energy has expanded its popular Rizta scooter lineup with the launch of the Rizta S, featuring a 3.7kWh battery pack. Priced at Rs 1,37,047 (ex-showroom, Delhi), the new variant offers an IDC range of 159 km, making it an attractive option for commuters seeking longer range and practicality without compromising on for the Rizta S 3.7kWh are now open both online and at retail outlets, with deliveries expected to begin this month. The model is priced at Rs 1,37,047 in Delhi, Rs 1,37,258 in Mumbai, Rs 1,37,999 in Bengaluru, and Rs 1,39,312 in Chennai, (all prices are ex-showroom)advertisementThe Rizta line, introduced in 2024 as Ather's first family-focused scooter, has already become a massive success, contributing to over 60% of Ather's total sales and recently surpassing 1 lakh units sold. The new 3.7kWh variant enhances the Rizta portfolio by combining extended range with affordability and value. Ravneet S Phokela, Chief Business Officer, Ather Energy, said, "The Rizta has resonated strongly with families across the country, and the recent milestone of crossing 1 lakh Rizta scooters is a testament to the strong demand that we are seeing. As an ongoing quest to expand our portfolio addressing different consumer needs, we are excited to introduce the Rizta S with a higher range. With the new variant offering 159 km on a single charge, riders can confidently plan their day, making it ideal for commuters with high daily usage."advertisementDespite its larger battery, the Rizta S 3.7kWh retains the line's convenience and comfort features. These include a 34-litre underseat storage (expandable by 22 litres using an optional Frunk), a large seat, and a practical new variant is packed with features such as a 7-inch display, turn-by-turn Navigation, auto hold, fall safe, emergency stop signal, tow and theft alerts, find my scooter, and Alexa integration. It also supports OTA updates and is compatible with Ather's Grid fast-charging network, which includes over 3,900 charging points across can also benefit from Ather's Eight70 warranty program, which offers coverage of 8 years or 80,000 km, assuring a minimum 70% battery health during the ownership period. The scooter is backed by Ather's growing network of centres to Auto Today Magazine- Ends
Time of India
36 minutes ago
- Time of India
From LG to NSDL: India IPO market gears up for $2.4 billion in offerings in July as confidence rebounds
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian firms could raise some $2.4 billion through IPOs in July, investment bankers said, raising hopes of a sustained revival in primary offerings after demand was dented by the U.S. trade war and global geopolitical tensions earlier this amount would mark the strongest month since December and would follow a robust $2 billion raised in June, though most of that was raised by one company, HDB Financial loan provider Credila Financial Services, National Securities Depository Ltd (NSDL), surveillance firm Aditya Infotech and power-transmission-goods maker M&B Engineering are conducting roadshows and are expected to go public this month, bankers spoke on condition of anonymity as the companies have yet to make the timing of their IPOs and other details public. The companies did not respond to Reuters requests for IPO market had its best-ever year in 2024, with $20.5 billion raised, second only to the U.S., riding high on money inflows from domestic investors who have become wealthier on growth in the world's fifth-largest economy and were optimistic about more economic year was widely expected to be another record year but U.S. President Donald Trump's trade war, tensions with Pakistan and in the Middle East took much wind out of those IPO sails. South Korean conglomerate LG Electronics' India unit and other companies ended up delaying their capital raising now look to be getting back on track, particularly with the Nifty 50 and Sensex having regained lost ground to trade about 3% off from their peaks."The IPO market has come back.... The absence of most of the negatives is driving the market more than anything else," said Suraj Krishnaswamy, the managing director of investment banking at Axis Capital So far this year, India continues to the world's No. 2 IPO market with $5.86 billion raised, accounting for the 12% of total proceeds globally, LSEG data largest offering this month is likely to be Credila, which has said it is seeking $584 India's largest stock depository, is looking to raise $400 million, according to a received its regulatory nod for a listing as far back as September but market sentiment trended lower not long after on concerns about slower growth for the economy and corporate about the two firms' valuations and IPO dates could be announced soon, bankers major offerings in the pipeline are LG Electronics India's $1.8 billion IPO, and issues from JSW Cement and defence equipment maker SMPP worth around $470 million each, they offering could come in late July or early August, according to one banker. The timing of the other two was less to PRIME Database, there are 143 Indian IPOs being planned worth a potential $26 billion. Of those, 73 have been approved by regulators."We expect the upcoming months to be the best for Indian IPO market as compared to what we have seen so far this year," Bhavesh Shah, the managing director and head of investment banking at however, were more cautious in their optimism, saying that participation from high net worth individuals and ordinary retail investors is unlikely to be as strong as it was last year."Investors have become far more selective and are now much more mindful about where they see higher potential for returns," said Umesh Agrawal, fund manager at 360 ONE Asset.
