Tube Investments of India lost 2.45% to Rs 225.10 at 14:58 IST on BSE after consolidated net profit dropped 16.02% to Rs 44.99 crore on 3.64% increase in total income to Rs 1242.61 crore in Q4 March 2018 over Q4 March 2017.
The result was announced after market hours yesterday, 7 May 2018.Meanwhile, the S&P BSE Sensex was up 14.14 points, or 0.04% at 35,222.28.
On the BSE, 1,178 shares were traded on the counter so far as against the average daily volumes of 6,390 shares in the past two weeks. The stock had hit a high of Rs 227.50 and a low of Rs 225 so far during the day. The stock had hit a record high of Rs 307.55 on 13 November 2017 and a 52-week low of Rs 222 on 18 April 2018.
The mid-cap company has equity capital of Rs 18.76 crore. Face value per share is Re 1.
The board of directors of Tube Investments of India (TII) recommended a final dividend of Rs 0.50 per share for the year ended 31 March 2018.
Tube Investments of India is engaged in the business of engineering, cycles and accessories and metal formed products.
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