New Delhi, May 23 -- Shares of Tube Investments of India, a Murugappa Group company, fell 4.6% on 15 May after the company announced its March quarter results. But the stock quickly bounced back, recouping all its losses over the next two trading sessions. It touched Rs.3,230 on 19 May, but has cooled off since.

It currently trades at Rs.2,984 and was marginally down on Thursday despite choppy market conditions. The stock has rebounded nearly 20% to this level in the last one month.

Though the company's performance has been weighed down by subdued growth across business segments, its investments in emerging businesses are expected to start contributing meaningfully from FY27 onwards. Let's trace the factors that led to the sharp reversa...