Murugappa Group Stock To Consider Dividend, Results; Jumps 355% In 3-Yrs

Large cap Murugappa Group company Tube investments of India informed via its regulatory filing today about its upcoming meeting of Board of Directors to consider interim dividend and financial results. Current market price of Tube investments share on BSE is Rs 3778.80 per share with intraday gain of 0.21% on BSE. Tube investments shares soared 29% in last 3-months and gained 38% in last 1-year. Check details below:

Tube investments To Consider Financial Results, Interim Dividend: According to the BSE filing of the company dated Jan 9, "a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 1st February 2024 inter alia for

(i) approving the Unaudited Financial Results for the quarter and nine months ended 31st December 2023; &

(ii) considering declaration of interim dividend, if any, for the financial year ending 31st March 2024."

Tube investments Stock Performance & Return: The 52-week high price of Tube investments share on BSE is Rs 4046.90 per share and 52-week low price is Rs 2375.05 per share, respectively. The company has a market capitalisation of Rs 73,112.19 crore. Tube investments shares surged 19% in last 6-months, soared 114% in last 2-years, rose 355% in last 3-years. In last 5-years, Tube investments shares surged 1032%.

Tube Investments Financials: The company for the quarter ended June 30, 2023 announced its net sales at Rs 3897.66 crore, up 2.6% as against Rs 3798.90 crore in June 2022. Its quarterly net profit was declared at Rs 214.97 crore in June 2023, up 10.49% as against Rs 194.56 crore in June 2022. The company declared its EBITDA at Rs 515.46 crore In June 2023, up 18.22% as against Rs 436.03 crore in June 2022. The company reported a jump of 27% in its standalone net profit for the Q2 at Rs 181.44 crore from Rs 142.5 crore in the year ago period.

Tube Investments of India Ltd About: It is a leading engineering company and part of the Murugappa Group. The Group has 28 businesses and headquartered in Chennai. The major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd. Tube Investments of India Ltd. is engaged in manufacturing of precision steel tubes and strips, car doorframes, automotive and industrial chains and bicycles, according to its official website.

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