Page 2 - Tubes Ltd News Today

Venus Pipes shares fell to an intraday low of Rs 1245.50 today, clocking a loss of 21% in a just a single session. Market cap of the firm fell to Rs 2538.23 crore on BSE.

The stock rose 0.72 per cent to Rs 1,270.05 on BSE. The scrip fell 15.72 on Monday. Kacholia entered Venus Pipes & Tubes in the June quarter, buying 4,00,000 shares, or 1.97 per cent stake.

Net profit for the June quarter stood at Rs 134.86 crore against Rs 48.02 crore a year ago. Revenue rose 20 percent YoY to Rs 1174.93 crore.

SHANGHAI: Money managers are navigating an historic shift – India’s ­population, at 1.43 billion, edged past China’s this year.

India has friendlier relations with the West and a young workforce. Its economy is expected to grow 6% to 7% a year, outpacing China’s. Its budding middle class will be spending well beyond essentials.

India and China both offer investors the chance to profit from rising powers economic growth. India could experience a decades-long investment boom. Goldman Sachs Group Inc. analysts expect its share of global equity market capitalization to quadruple between now and 2075—reaching 12%, when it will be neck and neck with Chinas.

India Business News: India, with a population of 1.43 billion, has surpassed China as the world's most populous country, which could lead to a decades-long investment boom

Shares of Akzo Nobel India Ltd, ASM Technologies Ltd, Automotive Axles Ltd, and other stocks will trade ex-dividend today. Dividend details provided.

The Relative Strength Index (RSI) is an essential technical indicator measuring price movement speed and change. It shows that an RSI above 70 means a stock is trading higher than its underlying value, indicating an overbought condition, while an RSI below 30 suggests an oversold condition.

/PRNewswire/ -- The tubes and cores market size is estimated to grow by USD 3,550.62 million from 2022 to 2027. The market is estimated to accelerate at a CAGR...