Rama Steel Tubes is currently trading at Rs. 37.26, down by 0.14 points or 0.37 % from its previous closing of Rs. 37.40 on the BSE.
The scrip opened at Rs. 37.73 and has touched a high and low of Rs. 37.99 and Rs. 36.95 respectively. So far 354444 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 46.10 on 10-Jan-2023 and a 52 week low of Rs. 26.10 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 37.99 and Rs. 35.89 respectively. The current market cap of the company is Rs. 1906.20 crore.
The promoters holding in the company stood at 57.14%, while Institutions and Non-Institutions held 1.02% and 41.84% respectively.
Rama Steel Tubes has registered a sales volume of 46,919.80 Ton in Q3FY24 compared to 53,216.16 Ton in Q3FY23, a decline of 11.83% year on year (YoY). For 9MFY24, the company reported sales volume of 1,31,138 Ton compared to 1,31,824 Ton in 9MFY23.
The Q3FY24 sales volume declined YoY due to de-stocking of material in the expectation of correction in prices. In the first two months of Q3FY24, the global steel prices had suddenly fallen down by 12-13% from the peak levels.
Rama Steel Tubes is a leading player engaged in the manufacturing and trading of Steel Tubes & Pipes and Rigid PVC (Poly Vinyl Chloride) & G.I. (Galvanised Iron) Pipes in India as well as in the world.
| Company Name | CMP |
|---|---|
| Tata Steel | 211.65 |
| JSW Steel | 1274.85 |
| SAIL | 172.50 |
| Jindal Stainless | 789.80 |
| APL Apollo Tubes | 2139.00 |
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