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08-Aug2017

Ratnamani Metals advances on bagging order for supply of Carbon Steel Coated Pipes

Ratnamani Metals & Tubes is currently trading at Rs. 844.00, up by 5.60 points or 0.67% from its previous closing of Rs. 838.40 on the BSE.

The scrip opened at Rs. 840.00 and has touched a high and low of Rs. 844.00 and Rs. 831.00 respectively.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 872.00 on 25-Jul-2017 and a 52 week low of Rs. 511.95 on 29-Aug-2016.

Last one week high and low of the scrip stood at Rs. 847.00 and Rs. 821.05 respectively. The current market cap of the company is Rs. 3,943.00 crore.

The promoters holding in the company stood at 60.09%, while Institutions and Non-Institutions held 19.36% and 20.54% respectively.

Ratnamani Metals & Tubes has bagged new domestic order of 80,000 MT for supply of Carbon Steel Coated Pipes. The said order is expected to be completed in next 12 months.

Recently, the company bagged export order worth $29.00 million or Rs 184 crore for supply of Carbon Steel Coated Pipes. The order is expected to be completed by March / April, 2018.

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.



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