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Tube Investments of India is currently trading at Rs. 2685.65, up by 83.40 points or 3.20% from its previous closing of Rs. 2602.25 on the BSE.

The scrip opened at Rs. 2634.75 and has touched a high and low of Rs. 2724.90 and Rs. 2602.25 respectively. So far 7560 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2968.00 on 07-Nov-2022 and a 52 week low of Rs. 1440.00 on 09-Mar-2022.

Last one week high and low of the scrip stood at Rs. 2724.90 and Rs. 2534.10 respectively. The current market cap of the company is Rs. 52454.71 crore.

The promoters holding in the company stood at 46.45%, while Institutions and Non-Institutions held 40.81% and 12.74% respectively.

Tube Investments of India has acquired 50% equity stake in X2Fuels and Energy (X2Fuels). X2Fuels is an early-stage start-up incubated at the National Centre for Combustion Research and Development (NCCRD) at IIT Madras. It was awarded the 3rd prize in the New Generation Ideation Contest conducted by HPCL Green R&D Centre in 2020. The acquisition would be by subscribing to 10,753 equity shares for a total consideration of Rs 6.15 crore.

The proposed investment is in line with the Company's intent to invest in start-ups engaged in innovative research and product development in fields/activities of interest to the Company.

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.