Tube Investments of India is currently trading at Rs. 596.60, up by 8.25 points or 1.40% from its previous closing of Rs. 588.35 on the BSE.
The scrip opened at Rs. 597.45 and has touched a high and low of Rs. 604.95 and Rs. 593.90 respectively. So far 3,864 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 604.95 on 16-Sep-2016 and a 52 week low of Rs. 352.00 on 25-Feb-2016.
Last one week high and low of the scrip stood at Rs. 604.95 and Rs. 560.00 respectively. The current market cap of the company is Rs. 11,148.60 crore.
The promoters holding in the company stood at 49.93%, while Institutions and Non-Institutions held 26.88% and 23.19% respectively.
Tube Investments of India has entered into a 50-50 Joint Venture with Absolute Speciality Foods Chennai to open Bicycle cafes in select locations in India, to be operated under the brand name Ciclo Cafe.
Under this Joint Venture agreement between Tube Investments of India and Absolute Specialties, this Ciclo Cafe brand is now slated for expansion into two other metros Gurgaon and Hyderabad by the end of FY 2016-17 and will look for opportunities to open in other cities.
Tube Investments of India is the flagship company of the Murugappa Group with multiple businesses ranging from diversified auto-ancillary products, bicycle retailing to financial services and insurance.
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