India's Tube Investments up on buying share capital in X2Fuels

Cholamandalam Financial Holdings

24/02/2023 06:47

** Shares of Tube Investments Of India  TBEI.NS  rise as
much as 2.7% to 2,563.9 rupees, highest since Feb. 21
    ** Co on Thursday acquired 50% of share capital of X2Fuels
and Energy
    ** About 57,500 shares traded by noon IST vs 30-day avg of
163,400 shares
    ** Three of the five analysts rate stock "buy" or "strong
buy", one "hold" and one "strong sell"; median PT is 2,900
rupees - Refinitiv data
    ** Stock trading above 50-day and 100-day moving average
    ** Stock down 10% so far this year as of last close, against
a 58% rise in 2022
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))