Buy Tube Investments Ltd for the Target Rs. 3,716 by Motilal Oswal Financial Services Ltd
* We expect TI to post steady 3% YoY growth in revenues in 2Q.
* While metal formed division is expected to grow by 6% YoY, mobility/engineering divisions are expected to grow ~1%/5% YoY. Revenue from other business to grow ~2% YoY.
* We expect EBITDA margin to largely remain stable YoY at 12.2%.
* Overall, we expect standalone entity to post 6% YoY growth in earnings in 2Q.

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