TIINDIA - breakout TIINDIA - breakout above 882.. closed above breakout level.. more upside can be expected as mentioned on chart.
TIINDIA trade ideas
tiindiaTube Investments of India Ltd. (TII) is one of India’s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company’s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business and is additionally exploring opportunities in optic lens and other vision systems for the Auto industry. The company is a flagship Company of the renowned Murugappa Group, India’s leading business conglomerate.
Business area of the company
Tube Investments of India manufactures fabricated metal products. The Company specializes in cycles, steel tubes, strips, chains, and metal formed items. Tube Investments of India serves customers in India.
Business Divisions
Cycles & Components: TI Cycles of India
Engineering: Tube Products of India
Metal formed products: TI Metal Forming and TIDC India
FUTURE OUTLOOK
The company estimates strong growth prospects in its cycle segment, relating to increasing domestic
market share, catering to the export markets and newer product categories.
The management expects to transfer higher commodity prices to its end customers, with a likely
impact from H1 FY22.
It has a capex plan of ₹200-₹250 crore, with the majority of the funds to be utilized towards the
electric vehicle project of the company in FY22.
Tube Investment has come back on re test levelsInvestment Pick for next 6-8 months
NSE:TIINDIA
Disclaimer: I am not a SEBI register person please contact your financial advisor for advice.
Bearish Crab in Weekly time frame.Hello,
Bearish Crab in Weekly time frame is forming. Check for reversal signals at D-Square.
Note: This chart is only for reference and study purpose. Pls take position basis on your own analysis.
