MarketsMOJO downgrades Tube Investments to sell amid concerns
after close1 source ↓written by the desknot a recommendation
MarketsMOJO has downgraded Tube Investments of India Ltd to sell due to technical and valuation concerns. Despite a strong Debt to Equity ratio of 0.05 and a ROCE of 39.47%, recent quarterly results showed flat performance with a Debtors Turnover Ratio of 5.63 indicating slower collection cycles. This could impact liquidity and overall profitability.
Not investment advice. For informational purposes only.