Tube Investments

Murugappa family completes family arrangement with Valli Arunachalam; latter to withdraw legal proceedings

Valli, daughter of the late M V Murugappan, former head of Carborundum Universal Ltd, wanted a board seat in Ambadi Investments Ltd (AIL), the holding company of the group, or the family members to buy out the 8.15 percent stake held by herself and her sister in AIL.

Tube Investments gains 1% on entering small commercial EV segment

Tube said that TICMPL will establish a new subsidiary company dedicated to the commercialization of small commercial electric vehicles (EVs).

Tube Investments forays into small commercial EV segment, to acquire 50% stake in Jayem Auto

The acquisition of half the stake in Jayem Automotives will be made through a combination of primary subscription and secondary purchase of shares "for a total sum of up to Rs 206 crore", a regulatory filing stated.

Tube Investments rises 6% as consolidated net profit zooms 74% YoY

Consolidated net profit zoomed 74 percent on year to Rs 311.84 crore in the quarter ended March while sales rose 11 percent YoY to Rs 3,778.24 crore.

Buy Tube Investments; target of Rs 2230: Motilal Oswal

Motilal Oswal is bullish on Tube Investments recommended buy rating on the stock with a target price of Rs 2230 in its research report dated July 18, 2022.

Buy Tube Investments; target of Rs 1900: Motilal Oswal

Motilal Oswal is bullish on Tube Investments has recommended buy rating on the stock with a target price of Rs 1900 in its research report dated June 23, 2022.

Tube Investments to acquire 70% stake in Cellestial E-Mobility

Cellestial E-Mobility is engaged in the design and manufacture of electric tractors, aviation ground support electric equipment and other electric machinery. It has already designed and developed two tractor prototypes for production, TII said in a regulatory filing.

Muruguppa group's Tube Investments to raise Rs 350 crore from Azim Premji Trust, SBI MF

Azim Premji Trust will get 27.33 lakh shares worth Rs 200 crore, while SBI Mutual Fund's two schemes -- SBI Focused Equity Fund and SBI Magnum Midcap Fund -- will get 15.03 lakh shares and 5.46 lakh shares worth Rs 110 crore and Rs 40 crore, respectively.

Tube Investments reports Q1 standalone net loss at Rs 58.95 crore

The city-based Murugappa Group company had recorded standalone net profit at Rs 88.45 crore during corresponding quarter previous year.

Market witnesses smart rally as realty, auto gain; 100 BSE stocks hit new 52-week low

The stocks that hit new 52-week low on the NSE were ABG Shipyard, Gayatri Highways, Punj Lloyd, IL&FS Transportation Networks, Nagarjuna Fertilizers, Raj Rayon Industries and Rolta India, among others

Resistance for Nifty at 9195-9218; buy Maruti Suzuki, ACC, Avanti Feeds: Prakash Gaba

According to Prakash Gaba of prakashgaba.com, Nifty has support at 9130 and resistance at 9195-9218-9245 while Bank Nifty has support at 21330 and resistance at 22037.

Stocks in news: Tata Motors, HCL Tech, IOC, Elder Pharma

SP Tulsian's multibagger pick: Tube Investments

SP Tulsian, sptulsian.com told CNBC-TV18 that he likes be Investments premier position in all the segments they are engaged into. So, taking these into consideration he believes the stock has limited downside in this carnage and based on Q1 numbers one can look for a target of Rs 160 in next six months.

Stocks in news: Coal India, BHEL, Punj Lloyd, Suzlon, OBC

Tube Investments Q1 net falls 5%

Murugappa group's firm Tube Investments posted a dip of 4.75 percent in its consolidated net profit at Rs 80.74 crore for the first quarter that ended in June.

Rajen Shah sees 100% upside in Tube Investments

Angel Broking's Rajen Shah is bullish on Murugappa Group's Tube Investments and sees 100 percent upside with a 24 months perspective.

Bull's eye: Buy IFCI, Jet Airways, PTC India, short HDIL

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

Tube Investments Q2 cons PAT up 22% at Rs 75.6cr

Tube Investments has announced its second quarter result. The company's Q2 cons net profit was up 22% at Rs 75.6 crore versus Rs 62.2 crore, year-on-year, YoY.

Tube Investments to acquire 44.1% stake in Shanti Gears

Aiming to expand its presence in the non-auto sector, USD 4.4 billion Murugappa Group company Tube Investments today announced plans to acquire 44.1% stake in industrial power transmission products manufacturer Shanthi Gears to enter the value added services market.

Will look at reshuffle of Shanthi Gears: Tube Investments

Tube Investments of India has confirmed it will buyout the entire 44.12% stake from Shanthi Gears' promoters. L Ramkumar, the MD of Tube Investments says it will make an open offer post the acquisition which is expected to be funded via internal accruals.