Tube Investments Stock
Tube Investments stock is forming a 6-week, 15% deep Consolidation Base. The current price is only 3% away from its ideal buy price of INR 1240. The stock closed 6.96% up today, however the volume remained below its 50-day average volume. A prudent approach would be to add the stock to your watchlist. This means you can be ready to pounce as the stock moves above the [pivot] price on strong volume.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 4.9% away from the 10-week moving average.
Tube Investments has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 90. In the last twelve months, the stock has rallied over 232.8% as compared to 56.8% for the Nifty500. The RS Line is offering a lot of encouragement to investors in the recent weeks. The overall long term trend of the line is also upward.
Another key part of the jigsaw is institutional sponsorship. Tube Investments has an Accumulation/Distribution Rating of 'A-'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
On the earnings front, Tube Investments has an excellent EPS Rank of 87, which indicates consistency in earnings. The earnings for the stock have grown by 11% over the past three years; however the sales growth remained muted at -8%. Its 3-years earnings stability is 26, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 14% and 1%, respectively. The 5-years earnings stability is 23. The return on equity for the last reported year is 18%.
The stock belongs to the industry group of Auto/Truck-Original Eqp, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 44. The current price of Tube Investments is -5% off from its 52-week high price and 293% above its 52-week low price.
The stock appears on our idea lists: Trend Template - 5 Months