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Ratnamani Metals advances on bagging export order worth $23 million

05 Apr 2017 Evaluate

Ratnamani Metals & Tubes is currently trading at Rs. 799.00, up by 29.00 points or 3.77% from its previous closing of Rs. 770.00 on the BSE.

The scrip opened at Rs. 799.00 and has touched a high and low of Rs. 807.25 and Rs. 773.00 respectively. So far 12,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 809.05 on 29-Dec-2016 and a 52 week low of Rs. 445.10 on 07-Apr-2016.

Last one week high and low of the scrip stood at Rs. 807.25 and Rs. 732.00 respectively. The current market cap of the company is Rs. 3,733.00 crore.

The promoters holding in the company stood at 60.27%, while Institutions and Non-Institutions held 18.57% and 21.16% respectively.

Ratnamani Metals & Tubes has bagged new export order of $23.00 million (approximately Rs 150.00 crore) for supply of Carbon Steel Welded Pipes coating to be completed in next 12 months.

Last year in December, the company had bagged two new orders aggregating to 22,000 MT valued at around Rs 103 crore and Rs 33 crore for supply of Carbon Steel ERW pipes for gas pipe line in India to be completed by June/July 2017 and Oct/Nov 2017 respectively.

Ratnamani Metals & Tubes is a multi-location, multi-product company, in India, manufacturing Tubes & Pipes in Stainless Steel/Exotic material and also Carbon Steel Pipes, in wide size ranges, for wide spectrum of applications.


Ratnamani Metals Share Price

2462.20 116.55 (4.97%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

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