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Ratnamani Metals & Tubes surges on securing domestic order for Rs 591 crore
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Ratnamani Metals & Tubes is currently trading at Rs. 2253.70, up by 58.30 points or 2.66% from its previous closing of Rs. 2195.40 on the BSE.
The scrip opened at Rs. 2195.15 and has touched a high and low of Rs. 2265.00 and Rs. 2195.15 respectively. So far 641 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2329.15 on 02-Mar-2022 and a 52 week low of Rs. 1753.60 on 14-May-2021.
Last one week high and low of the scrip stood at Rs. 2265.00 and Rs. 2169.95 respectively. The current market cap of the company is Rs. 10532.02 crore.
The promoters holding in the company stood at 60.16%, while Institutions and Non-Institutions held 28.03% and 11.81% respectively.
Ratnamani Metals & Tubes has received new domestic line pipe order for Rs 591 crore from the Oil & Gas Sector. The said order to be executed between August 2022 to March 2023.
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.
