On the BSE, 13,238 shares were traded in the counter so far compared with average daily volumes of 77,913 shares in the past two weeks. The stock hit a high of Rs 3,391.75 and a low of Rs 3,213.75 so far during the day.

The stock hit a 52-week high of Rs 3,737.15 on 11 September 2023. The stock hit a 52-week low of Rs 2,375.05 on 20 February 2023.

The stock had outperformed the market over the past one month, rising 17.57% compared with 3.24% increase in the Sensex.

The scrip had outperformed the market in past three months, advancing 19.08% as against Sensex's 6.79% jump.

The counter had outperformed the market in past one year, soaring 28.63% as against 11.88% surge in Sensex.

On the technical front, the stock's daily RSI (relative strength index) stood at 60.891. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 3,076.35, 2,957.52 and 2,821.11, respectively. These levels will act as support in the near term.

Tube Investments of India, a Murugappa Group company, is one of India's leading manufacturers of a wide range of precision engineered and metal formed products for major industries such as automotive, railway, construction, mining, agriculture, etc. The company is also a leading manufacturer of bicycles in India, with a range of iconic brands and a strong market presence.

The company reported 10% rise in consolidated net profit to Rs 214.97crore on a 4% increase in revenue from operations to Rs 3,767.47 crore in Q1 FY24 as compared with Q1 FY23.