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Ratnamani Metals & Tubes gains on securing new orders worth Rs 262.52 crore Ratnamani Metals & Tubes is currently trading at Rs. 1997.05, up by 34.85 points or 1.78% from its previous closing of Rs. 1962.20 on the BSE. The scrip opened at Rs. 1983.20 and has touched a high and low of Rs. 2000.00 and Rs. 1969.15 respectively. So far 186 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2137.55 on 17-Oct-2022 and a 52 week low of Rs. 1,237.29 on 16-Dec-2021. Last one week high and low o...
Ratnamani Metals & Tubes gains on securing new orders worth Rs 262.52 crore
Ratnamani Metals & Tubes gains on securing new orders worth Rs 262.52 crore
Source: Accord Fintech
7/12/2022 11:49:12 AM
Ratnamani Metals & Tubes gains on securing news order worth Rs 1186 crore Ratnamani Metals & Tubes is currently trading at Rs. 1740.75, up by 10.50 points or 0.61% from its previous closing of Rs. 1730.25 on the BSE. The scrip opened at Rs. 1740.00 and has touched a high and low of Rs. 1759.95 and Rs. 1723.95 respectively. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1920.00 on 30-Jun-2022 and a 52 week low of Rs. 1236.67 on 16-Dec-2021. Last one week high and low of the scrip stood at Rs. 1759.95 and Rs. 1703.0...
Ratnamani Metals & Tubes gains on securing news order worth Rs 1186 crore
Ratnamani Metals & Tubes gains on securing news order worth Rs 1186 crore
Source: Accord Fintech
22/08/2022 11:30:00 AM
Buy Ratnamani Metals and Tubes Ltd For Target Rs.1,967 - ICICI Direct Turns ex-bonus today… About the stock: Ratnamani Metals & Tubes (RMTL) is a niche player with superior capabilities in the domestic industrial pipes and tube segment. RMTL manufactures a wide range of stainless steel and carbon steel pipes & tubes, which find application in key end user industries like oil & gas refineries, power, healthcare, etc. * Ratnamani Metals and Tubes (RMTL) has an impressive capital allocation strategy and best in class operating margins and ...
Buy Ratnamani Metals and Tubes Ltd For Target Rs.1,967 - ICICI Direct
Buy Ratnamani Metals and Tubes Ltd For Target Rs.1,967 - ICICI Direct
Source: ICICI Direct
1/07/2022 11:57:58 AM
Ratnamani Metals Q4 net profit up 2.03% at Rs 111.61 cr The company reported standalone net profit of Rs 111.61 crore for the quarter ended March 31, 2022 as compared to Rs 109.39 crore in the same period last year, registering a year-on-year growth of 2.03 per cent. Net revenue of the company rose substantially by 39.94 per cent at Rs 974.06 crore in January-March quarter of this fiscal as against Rs 696.08 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 49.91 per cent to Rs 805.39 cro...
Ratnamani Metals Q4 net profit up 2.03% at Rs 111.61 cr
Ratnamani Metals Q4 net profit up 2.03% at Rs 111.61 cr
Source: Dion Global Solutions Ltd
19/05/2022 11:28:02 AM
Ratnamani Metals & Tubes shines on bagging order worth Rs 338 crore Ratnamani Metals is currently trading at Rs. 2489.95, up by 101.55 points or 4.25% from its previous closing of Rs. 2388.40 on the BSE. The scrip opened at Rs. 2429.95 and has touched a high and low of Rs. 2518.20 and Rs. 2426.65 respectively. So far 794 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2641.80 on 01-Apr-2022 and a 52 week low of Rs. 1753.60 on 14-May-2021. Last one week high and low of the scrip ...
Ratnamani Metals & Tubes shines on bagging order worth Rs 338 crore
Ratnamani Metals & Tubes shines on bagging order worth Rs 338 crore
Source: Accord Fintech
19/04/2022 10:47:17 AM
Ratnamani Metals & Tubes surges on securing domestic order for Rs 591 crore 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...
Ratnamani Metals & Tubes surges on securing domestic order for Rs 591 crore
Ratnamani Metals & Tubes surges on securing domestic order for Rs 591 crore
Source: Accord Fintech
21/03/2022 3:08:25 PM
Hold Ratnamani Metals And Tubes Ltd For Target Rs.2255 - ICICI Direct Mixed bag performance… About the stock: Ratnamani Metals & Tubes (RMTL) is a niche player with superior capabilities in the domestic industrial pipes and tube segment. RMTL manufactures a wide range of stainless steel and carbon steel pipes & tubes, which find application in key end user industries like oil & gas refineries, power, healthcare, etc. RMTL has an impeccable capital allocation strategy and best in class operating margins and return ratios RMTL has heal...
Hold Ratnamani Metals And Tubes Ltd For Target Rs.2255 - ICICI Direct
Hold Ratnamani Metals And Tubes Ltd For Target Rs.2255 - ICICI Direct
Source: ICICI Direct
7/03/2022 2:18:43 PM
Buy Ratnamani Metals and Tubes Ltd For Target Rs.2,500 - Monarch Networth Capital Performance improves; Order book at healthy position We maintain BUY rating and lower TP to Rs2,500 (previously Rs2550) as a result of downward revision in FY22/FY23 estimates mainly driven by impact of reduction in sales volume for both divisions partially offset by higher realisations. 1QFY22 performance reflected improved order execution but margins remained subdued due to adverse product mix. We expect margins to turn favourable starting 3QFY22 on the back of hikes in realisations and ...
Buy Ratnamani Metals and Tubes Ltd For Target Rs.2,500 - Monarch Networth Capital
Buy Ratnamani Metals and Tubes Ltd For Target Rs.2,500 - Monarch Networth Capital
Source: Monarch Networth Capital Ltd
3/11/2021 3:38:25 PM
Ratnamani Metals & Tubes inches up on bagging new order of Rs 98 crore Ratnamani Metals & Tubes is currently trading at Rs. 2202.00, up by 1.55 points or 0.07% from its previous closing of Rs. 2200.45 on the BSE. The scrip opened at Rs. 2295.00 and has touched a high and low of Rs. 2299.00 and Rs. 2172.05 respectively. So far 50173 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2249.05 on 02-Aug-2021 and a 52 week low of Rs. 1166.95 on 04-Nov-2020. Last one week high and low o...
Ratnamani Metals & Tubes inches up on bagging new order of Rs 98 crore
Ratnamani Metals & Tubes inches up on bagging new order of Rs 98 crore
Source: Accord Fintech
8/10/2021 10:43:20 AM
Buy Ratnamani Metals And Tubes Ltd For Target Rs.2400 - ICICI Direct Performance set to improve, going forward… About the stock: Ratnamani Metals & Tubes (RMTL) is a niche player with superior capabilities in the domestic industrial pipes and tube segment. RMTL manufactures a wide range of stainless steel and carbon steel pipes and tubes, which find application in key end user industries like oil & gas refineries, power, healthcare, etc. * Ratnamani Metals and Tubes has an impeccable capital allocation strategy and best in class operating ...
Buy Ratnamani Metals And Tubes Ltd For Target Rs.2400 - ICICI Direct
Buy Ratnamani Metals And Tubes Ltd For Target Rs.2400 - ICICI Direct
Source: ICICI Direct
30/09/2021 11:36:09 AM
Update On Ratnamani Metals and Tubes Ltd, Target Price 2550 By Monarch Networth Key MeetingTakeaways Demand Scenario: * Demand for both SS pipe and CS pipe has improved with recovery in spending from refineries. 2QFY22 results should be definitely better than 1QFY22. * Major demand avenues: HRRL, IGGL north east, Gas Authority of India, Mumbai and Nagpur – trunk line. Demand for ERW from CGD applications will remain strong for next 3-4 years. HPCL – Rajasthan Refinery (HRRL) is expected issue several orders for process piping. * Process piping or...
Update On Ratnamani Metals and Tubes Ltd, Target Price 2550 By Monarch Networth
Update On Ratnamani Metals and Tubes Ltd, Target Price 2550 By Monarch Networth
Source: Monarch Networth Capital Ltd
27/09/2021 12:55:36 PM
Buy Ratnamani Metals and Tubes Ltd For Target Rs.2,550 - Monarch Networth Capital Muted quarter; SS pipe order book shows green shoots We maintain BUY rating and raise TP to Rs2,550 with no revisions in our FY22/FY23 estimates as we expect revenue and margins to improve in subsequent quarters. Increase in TP is due to shift in valuation on Sept’23 basis (Mar’23 previously).The Stainless Steel (SS) pipe order book crossed Rs4.5bn levels after a year which indicates revival in spending by refineries in a non-favourable pricing environment (high raw material co...
Buy Ratnamani Metals and Tubes Ltd For Target Rs.2,550 - Monarch Networth Capital
Buy Ratnamani Metals and Tubes Ltd For Target Rs.2,550 - Monarch Networth Capital
Source: Monarch Networth Capital Ltd
10/08/2021 11:29:39 AM
Buy Ratnamani Metals and Tubes Ltd For Target Rs. 2,400 - ICICI Direct EBITDA margin surprises positively... Ratnamani Metal and Tubes (RMTL) reported an operationally healthy performance for Q4FY21 wherein robust EBITDA margins were the key highlight of the quarter. EBITDA margin for Q4FY21 was at 22.8% compared to 18.3% in Q3FY21 and 15.4%in Q4FY20, notably higher than our estimate of 15.7%. Overall, RMTL’s performance was higher than our estimate on all fronts. For Q4FY21, RMTL reported a net income from operations of | 696.1 crore (up 57% QoQ), high...
Buy Ratnamani Metals and Tubes Ltd For Target Rs. 2,400 - ICICI Direct
Buy Ratnamani Metals and Tubes Ltd For Target Rs. 2,400 - ICICI Direct
Source: ICICI Direct
5/07/2021 10:26:13 AM
Buy Ratnamani Metals & Tubes Ltd For Target Rs.2,360 - Monarch Networth Capital We upgrade our rating to BUY and raise TP to Rs2,360 due to upward revision in FY22/FY23 estimates and multiple. Higher multiple is attributed to expectation of rise in Stainless steel (SS) pipe order book as refineries restart their capex program on the back of favourable crude price and demand recovery after lifting countrywide lockdown. RMT reported decade high EBITDA margins of 22.8% (+744bps yoy) in Q4FY21 on the back of favourable product mix from the Carbon Steel (CS) pipe segment. We ...
Buy Ratnamani Metals & Tubes Ltd For Target Rs.2,360 - Monarch Networth Capital
Buy Ratnamani Metals & Tubes Ltd For Target Rs.2,360 - Monarch Networth Capital
Source: Monarch Networth Capital Ltd
5/06/2021 9:12:25 AM
Ratnamani Metals jumps on bagging order of Rs 594.00 crore Ratnamani Metals & Tubes is currently trading at Rs. 2039.95, up by 24.60 points or 1.22% from its previous closing of Rs. 2015.35 on the BSE. The scrip opened at Rs. 2020.00 and has touched a high and low of Rs. 2141.00 and Rs. 1944.70 respectively. So far 1969 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2,141.00 on 12-Apr-2021 and a 52 week low of Rs. 790.05 on 20-May-2020. Last one week high and low o...
Ratnamani Metals jumps on bagging order of Rs 594.00 crore
Ratnamani Metals jumps on bagging order of Rs 594.00 crore
Source: Accord Fintech
12/04/2021 11:49:48 AM
Buy Ratnamani Metals and Tubes Ltd For Target Rs. 1900 - ICICI Direct EBITDA margin surprises positively... Ratnamani Metals and Tubes (RMTL) reported operationally good set of Q3FY21 numbers. For the quarter, topline came in line with our estimates while EBITDA & PAT came in higher than our estimates. Healthy operational performance was on the back of better-than-expected sales volumes from the stainless steel division (higher margin segment). This aided the company to report healthy EBITDA margins for the quarter. For Q3FY21, Ratnamani reported a net i...
Buy Ratnamani Metals and Tubes Ltd For Target Rs. 1900 - ICICI Direct
Buy Ratnamani Metals and Tubes Ltd For Target Rs. 1900 - ICICI Direct
Source: ICICI Direct
25/02/2021 10:50:17 AM