05 Feb 2026 | 5 Mins Read
Murugappa Group Stock Down 9% Amid 10 Concerns
Flipitmoney
Tube Investments' shares declined 9.3% on February 5 after its management highlighted challenges including weak Europe demand, aggressive incumbent launches in the EV business, and delays in the railway business and new plant. Revenue rose 12.7% to ₹2,152 crore, with net profit increasing 17.6% to ₹189 crore. The company expects EV segments to breakeven within 12-18 months.