Ratnamani Metals advances on bagging two orders worth Rs 136 crore

26 Dec 2016 Evaluate

Ratnamani Metals & Tubes is currently trading at Rs. 627.00, up by 17.10 points or 2.80% from its previous closing of Rs. 609.90 on the BSE.

The scrip opened at Rs. 645.00 and has touched a high and low of Rs. 645.00 and Rs. 624.00 respectively. So far 1,322 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 657.35 on 28-Oct-2016 and a 52 week low of Rs. 387.00 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 645.00 and Rs. 597.00 respectively. The current market cap of the company is Rs. 2,929.85 crore.

The promoters holding in the company stood at 60.27%, while Institutions and Non-Institutions held 18.16% and 21.56% respectively.

Ratnamani Metals & Tubes has 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.

The company’s manufacturing facilities employ state-of-the-art technology to produce a wide range of stainless steel welded / seamless tubes & pipes and carbon steel welded pipes. The company caters to the niche markets of almost all the emerging sectors like oil and gas, refineries, petrochemicals, process industries, power plants and water distribution.


Ratnamani Metals Share Price

3082.95 -49.80 (-1.59%)
10-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 127.40
JSW Steel 901.15
SAIL 106.00
Jindal Stainless 625.05
Jindal Saw 256.25
View more..
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.