Tube Investments of India inches up on incorporating subsidiary
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Tube Investments of India is currently trading at Rs. 2748.40, up by 2.95 points or 0.11% from its previous closing of Rs. 2745.45 on the BSE.
The scrip opened at Rs. 2700.10 and has touched a high and low of Rs. 2787.70 and Rs. 2700.10 respectively. So far 966 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3046.25 on 20-Dec-2022 and a 52 week low of Rs. 1458.70 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2787.70 and Rs. 2601.00 respectively. The current market cap of the company is Rs. 53030.38 crore.
The promoters holding in the company stood at 46.21%, while Institutions and Non-Institutions held 41.14% and 12.63% respectively.
Tube Investments of India has incorporated a subsidiary namely ‘3xper Innoventure’. The Ministry of Corporate Affairs, Government of India has issued the Certificate of incorporation on May 12, 2023. The company and N. Govindarajan will be subscribing to the equity share capital of the subsidiary in the ratio of 95% and 5% respectively.
Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.
