Rama Steel Tubes zooms on securing order of Rs 9.9 crore from HPSEBL
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Rama Steel Tubes is currently trading at Rs. 431.15, up by 8.90 points or 2.11% from its previous closing of Rs. 422.25 on the BSE.
The scrip opened at Rs. 429.75 and has touched a high and low of Rs. 443.30 and Rs. 426.15 respectively. So far 13597 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 455.15 on 10-Jan-2022 and a 52 week low of Rs. 138.85 on 26-Jul-2021.
Last one week high and low of the scrip stood at Rs. 443.30 and Rs. 387.60 respectively. The current market cap of the company is Rs. 725.25 crore.
The promoters holding in the company stood at 70.46%, while Institutions and Non-Institutions held 3.47% and 26.07% respectively.
Rama Steel Tubes has received order from Himachal Pradesh State Electricity Board (HPSEBL) aggregating to the tune of Rs 9.9 crore. This order will further strengthen the company’s order book and credibility in the market. This order will also help the company in achieving the targeted revenues at a slightly faster pace than anticipated.
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.
