India's Tube Investments rises to three-week high on block deals

Cholamandalam Financial Holdings

12/04/2023 07:26

** Shares of Tube Investments  TBEI.NS  rise as much as
2.40% to 2,638 rupees, highest since March 20, 2023
    ** Rise in the steel tubes and strips maker comes after
321,835 shares change hands in two blocks, as of 11:51 a.m. IST,
at a price range between 2,597.35 rupees and 2,603.30 rupees
    ** Trading volume is 360,553 shares as of 11:51 a.m. IST,
1.5 times the 30-day avg - Refinitiv data
    ** Of the five analysts tracking TBEI, three maintain "buy",
one suggests "sell" and one recommends "hold"; median TP is
2,900 rupees 




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))