Now Reading: Tube Investments up 8% as Motilal Oswal sees 24% upside
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Tube Investments up 8% as Motilal Oswal sees 24% upside
Shares of Tube Investments of India rose over 8% to Rs 2,952 on Tuesday after the company reported Q1FY27 earnings. Profit after tax fell 5% year-on-year to Rs 158.62 crore, while revenue from operations grew 17.7% to Rs 2,227.63 crore. Domestic brokerage Motilal Oswal retained its Buy rating on the stock with a target price of Rs 3,379, implying a 24% upside.
The brokerage cited in-line earnings despite margin pressure, noting that Tube Investments' core engineering business delivered 17% volume growth and exports grew in double digits. Motilal Oswal expects the standalone business to post a steady 8% revenue CAGR over FY26-28. Management remains constructive on near-term demand, with margin recovery from input-cost inflation expected to improve profitability progressively.
Indian Opinion Analysis
All three sources rely on Motilal Oswal's post-earnings note, making the coverage almost identical in content. NDTV Profit leads with the brokerage's 'bullish' view and the margin miss, framing the story as a stock call. The Economic Times adds more detail: share price movement, segment-wise breakdown, and management outlook, but the stance remains neutral-report throughout. There is no government or ideological angle. The practical takeaway is that the core business is strong and diversification is the long-term story, but margin recovery depends on input-cost pass-through. Watch Q2FY27 for signs of that recovery.
Coverage: 3 sources, 3 neutral
Sources (3): ndtvprofit.com (neutral report), ndtvprofit.com (2) (neutral report), economictimes.indiatimes.com (neutral report)
This story was synthesised by AI from the 3 sources linked above. Methodology and corrections.
Updated: this story now draws on 3 sources.
