Tyre Stock News: On Friday, October 18, 2024, this rubber manufacturing company opened at 100.55. Throughout the day, during the market’s ups and downs, the company’s share also showed some ups and downs, but until the closing time of the day, it recorded stunning growth and closed at 105.2.
The total growth of the stock recorded approx 5 rs. This gain shows that the buyers showed interest in the stock and hence, the high of the day touched 108.95.
With a total number of traded volume of 28,171, the share has been traded with 0.30 Cr.
Today, 21 October 2024, the stock may show continuous growth if the buyers show interest. So this stock can be on your watch list if you are looking to invest in a tyre stock.
Elgi Rubber Company is a leading rubber solution provider in the industry. The company also deals in manufacturing reclaimed rubber, retreading machinery, and retreading rubber business.
Fundamentals of the company
This Tyre stock company has great fundamentals at a low price. The fundamentals are very attractive to the Investors. Here you can find:
| Market Capital | 526Cr |
| ROE | 1.23% |
| P/E Ratio(TTM) | 19.56 |
| EPS (TTM) | 5.37 |
| PB ratio | 2.77 |
| Dividend | 0.00% |
| Industry PE | 64.38 |
| Book Value | 37.87 |
| Dept to Equity | 1.62 |
| Face Value | 1 |
Financial Conditions of the Company
The quarterly revenue has increased from the last 5 quarters and the latest quarter was quite good for the company as it scored 8Cr more revenue than the previous quarter. However, if we talk about the yearly revenue then it is slightly down from the previous year. But the net profit is up and the company gained 6Cr more profit from the year 2023.
The quarterly profit of the company has gained in plus, however, in the previous quarter, it was in loss. Now, the company is in profit and doing good business.
Shareholding Patterns of the Company
Most of the company shares hold its promoters with 65.03% which shows that the company can make significant growth in the future.
33.86 percent of the company shares are held by retail investors and 1.10 percent of the shares are held by other domestic institutions.
Disclaimer: We do not suggest to buy or sell any stock as we are not any registered body. The information provided in this news is for informational purposes only and should not be considered as financial or investment advice. The above article is only for information purposes.