India's Tube Investments rises after company sees margin recovery

Cholamandalam Financial Holdings

18/08/2026 06:06

** Shares of vehicle parts maker Tube Investments of India TBEI.NS up 6.4% at 2,916.50 rupees--biggest percentage jump since February 3, 2026
** Management sees margins to recover and improve, despite near-term margins remaining under pressure due to input cost inflation--post-earnings call on Aug 17
** Co hints at peak quarterly losses in EV business likely in the past
** Co offers diversified revenue streams, driven by steady growth in core business and CG Power, along with optionality from new businesses incubated under its TI-2 strategy--Motilal Oswal ("Buy", TP: 3,379 rupees)
** TBEI reported a 15.1% fall in quarterly net profit to 1.69 billion rupees ($17.66 million); revenue from operations rose 16.8% to 60.38 billion rupees
** YTD, shares up 11.61%

($1 = 95.6700 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))