Scoda Tubes IPO Sparks Investor Interest Amid Competitive Valuation Landscape

Scoda Tubes, a small-cap player in the Iron & Steel Products industry, has shown significant activity following its recent IPO, which closed on May 30, 2025. The stock has appreciated by 38.57% from its issue price, reflecting a strong market debut. However, today, Scoda Tubes experienced a decline of 1.42%, underperforming its sector, which saw a slight gain of 0.03%. Despite this dip, the stock remains close to its 52-week high, just 4.67% away from Rs 205.
Notably, Scoda Tubes has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to today's performance. The stock also witnessed a remarkable increase in delivery volume, surging by 835.9% compared to the 5-day average, suggesting heightened investor participation.

In terms of quality and valuation, Scoda Tubes does not qualify against its peers, with a P/E ratio of 64.43 and an EV/EBITDA of 20.05. Comparatively, other companies in the sector, such as Kalyani Steels and Jayaswal Neco, have more favorable valuations, indicating a competitive landscape in which Scoda Tubes operates.