Tube Investments is currently trading at Rs. 211.60, up by 1.00 points or 0.47% from its previous closing of Rs. 210.60 on the BSE.
The scrip opened at Rs. 213.00 and has touched a high and low of Rs. 221.60 and Rs. 204.50 respectively. So far 3, 07,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 221.60 on 17-Dec-2012 and a 52 week low of Rs. 96.00 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 213.95 and Rs. 167.25 respectively. The current market cap of the company is Rs. 3,946 crore.
The promoters holding in the company stood at 48.13% while Institutions and Non-Institutions held 23.49% and 24.94% respectively.
Tube Investments of India has acquired 51,208 shares of its overseas subsidiary - Financiere C10 SAS, France (FC10) from the existing shareholders, representing 22.87% of FC10's share capital. FC10 is the holding company of Sedis SAS & Societe de Commercialisation de Composants Industriels, both in France and Sedis Company, UK. Pursuant to this acquisition on December 17, 2012, of the balance shares, FC10 has become a wholly-owned subsidiary of the company.
Tube Investments of India is a flagship company of the $2.4 billion Murugappa Group. It is engaged in manufacturing of precision steel tubes and strips, car doorframes, automotive and industrial chains and bicycles
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