Tube Investments is an auto ancillary company, which is into motor frame, chains and precision tube manufacturing along with cycle and accessories manufacturing. The firm has posted a block buster results for the first quarter of the year. The profits are up to 2.35 times the June 2015 numbers with only 6.48% growth in revenue.
Note: For the quarter ending Mar-16, there was an exceptional item of Rs 820.78 Crs due to divestment in its subsidiary. (Chola Insurance)
Tube investment closed at Rs 558.05, up by 1.40% from previous close.
You might also like:
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.
Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis.