Vibhor Steel Tubes share The share price of Vibhor Steel Tubes has increased by almost 100% in just two months since its listing in February 2024. Investors have made profits of over Rs 29,000 since the launch.
Share price of Vibhor Steel Tubes opened at ₹299.50 on BSE today, the stock touched an intraday high of Rs 304.70 and an intraday low of Rs 291.50.
Shares of Vibhor Steel Tubes were listed on 20 February. Shares of Vibhor Steel Tubes were listed on NSE at Rs 425, 181.5% higher than the IPO price of Rs 151. At the same time, this share was listed on BSE at Rs 421 per share, which was 178.81% more than the issue price. The stock had closed with a listing gain of 195.5%.
According to news reports, the company’s profit for the quarter ending December stood at Rs 4.31 crore. The profit print for the year ended FY23 was ₹21.06 crore. Total net sales in the December quarter stood at ₹251 crore. Profit for the nine months ended December 31 was ₹781.51 crore, compared with ₹1,114.30 crore for the financial year 2022-2023.
Q4 results have not come yet, many are bad, there is still time to see a rise in the share price.
