Motilal Oswal Recommends Buying Tube Investments of India, Sets Target Price at Rs 4830

Motilal Oswal has advised investors to buy shares of Tube Investments of India Ltd., setting a target price of Rs 4830. The current market price is Rs 4108.

Tube Investments of India Ltd., founded in 2008, is a mid-cap company in the consumer durables sector, with a market capitalization of Rs 79,662.37 crore.

Financial Performance

For the quarter ending March 31, 2024, Tube Investments of India reported a consolidated total income of Rs 4573.48 crore. This is a 7.48% increase from the previous quarter and a 19.62% increase from the same quarter last year. The company posted a net profit after tax of Rs 271.46 crore in the latest quarter.

Ownership Structure

As of March 31, 2024, promoters hold a 45.1% stake in the company, while FIIs own 28.33% and DIIs hold 14.8%.

Motilal Oswal’s buy recommendation highlights confidence in Tube Investments of India’s strong financial performance and growth potential in the consumer durables industry.