Mid Cap Multibagger Stock To Buy For Attractive Return, Motilal Oswal Upbeat

Motilal Oswal has recommended investors to buy mid cap multibagger stock operating in Consumer Durables sector, Tube Investments of India with a target price of Rs 3215 apiece. The company also announced an interim dividend of Rs 2.00 per share on February 3, 2023 and fixed February 15, 2023 as the record date.

The stock gave return of 881% in last 5-years. If you buy Tube Investments of India shares now, you will get potential return of 24%. Check details pertaining to the stock below:

1. Tube Investments of India Stock Performance & Return

The current market price of the stock is Rs 2598.95 apiece with an intraday fall of 2.58%. The stock's 52-week high is Rs 3046.25 apiece and 52-week low is Rs 1440.00 apiece, respectively.

The company has a market capitalisation of Rs 50,184.17 crore. The stock gave a return of 44% in last 1-year, 393% return in last 3-years, and 881% return in last 5-years.

2. Tube Investments of India Valuation

According to Motilal Oswal, "The stock trades at 32.5x/26.2x FY24E/FY25E consol. We maintain our BUY rating with a TP of ~INR3,215 (premised on Dec'24E SOTP; based on 35x for the standalone business and valuing listed subsidiaries at 20% HoldCo discount)."

3. Tube Investments of India About

Tube Products of India was established in 1955, in collaboration with Tube Products (Old Bury) Limited-UK, as a measure of backward integration with the bicycles plant. In 1959, Tube Investments of India (TII) was formed by merging TI Cycles of India and Tube Products of India.

TPI is India's undisputed market leader in CDW tubes for the Automotive industry. It also has significant market presence in power plants, boiler, textile machinery, general engineering.

Disclaimer

The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.