IIFL Research's Stock Idea: Buy Tube Invest Of India with Target ₹ 3800
IIFL Research has buy call on Tube Invest Of India at current market price of Rs 3637.05. The target price of Tube Invest Of India is Rs 3800.
About Tube Invest Of India:
Tube Investments of India (TII) is a diversified engineering conglomerate listed on the National Stock Exchange (NSE) of India. Founded in 1949, the company operates in various sectors, including bicycles, metal forming and fabrication, chains, precision engineering, and machine tools. TII is the world's second largest manufacturer of bicycles and is known for its iconic brands such as Hercules, BSA, and Montra. The company has a strong presence in the automotive, construction, and infrastructure sectors, supplying products to leading OEMs and contractors. TII has a wide network of manufacturing facilities across India and a global presence through its subsidiaries and joint ventures.
52 Week Price Trend:
TIINDIA's current market price (CMP) stands at Rs 3637.05, indicating a significant recovery from its 52-week low of Rs 2422. However, the stock still remains below its 52-week high of Rs 4125, suggesting potential for further growth. Investors should carefully consider the company's fundamentals, such as its earnings, revenue, and growth prospects, before making any investment decisions.
Stratzy's Analysis:
TIINDIA has received an AAA rating from Stratzy's MOST framework, indicating the lowest level of fundamental risk. This rating reflects TIINDIA's strong management, positive outlook, high level of safety, and bullish trend, according to the framework's assessment of these key pillars.
Company's Fundamentals:
Tube Invest of India (TIINDIA) is currently trading at a stock PE of 78.78 and a PB ratio of 15.61. These indicate that investors are willing to pay a premium for the company's earnings and book value, respectively. However, the dividend yield of 0.1% suggests that the company is not distributing a significant portion of its profits to shareholders.
Fundamental and Technical information provided in this blog were last updated on 15 Mar, 2024
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