Tube Investments of India rises on Q4 profit jump

Cholamandalam Financial Holdings

16/05/2023 08:25

** Shares of engineering and manufacturing company Tube
Investments of India Ltd  TBEI.NS  up as much as 6.2% to
2,809.95 rupees
    ** Stock sees biggest intraday pct gain since Feb 28
    ** Co on Monday reported a 74% rise in its consolidated net
profit to 3.12 bln rupees ($38.15 mln) for the quarter ended on
March 31
    ** Revenue from operations rose 12% to 36.56 billion rupees
    ** About 381,703 shares change hands, 1.4x the 30-day avg -
Refinitiv Data
    ** Stock down 4.7% this year, as of last close 


     ($1 = 81.7800 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))