/ Ratnamani Metals & Tubes Trades At 52-Week High; Stocks Rises 5% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 29 December 2016


Ratnamani Metals & Tubes Ltd is currently trading at Rs 762, up by Rs 39.75 or 5.5% from its previous closing of Rs 722.25 on the BSE. The company experienced a spurt in volumes by more than 4.31 times. The stock has soared 30% in past two trading sessions from Rs 605 on Tuesday as compared to 0.09% rise in the Sensex.

On December 23, the company bagged two new orders aggregating to 22,000 MT valued at approx. Rs 103 crore and Rs 33 crore for supply of Carbon Steel ERW pipes for gas pipeline in India to be completed by June/July 2017 and Oct/Nov 2017 respectively.

The scrip opened at Rs 733 and has touched a high and low of Rs 809.05 and Rs 714 respectively. So far 721771 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3374.93 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 726.45 on 28-Dec-2016 and a 52 week low of Rs 387 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 726.45 and Rs 585 respectively. The promoters holding in the company stood at 60.27 % while Institutions and Non-Institutions held 18.16 % and 21.56 % respectively. The stock is currently trading above its 50 DMA.
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