/ Ratnamani Metals Bags Order Worth Rs 328 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 15 June 2017

Ratanmani Metals & Tubes has bagged two new orders aggregating to Rs 328 crores.

The orders are for the supply of HSAW pipes of Rs 116 crores and supply of ERW pipes of Rs 212 crores for Oil & Gas pipelines to be completed by December 2017/January 2018.

The stock on the NSE was riding high with gains of as much as 3.8% at Rs 775 per share at 1255 hours. The stock has delivered 55% returns in a period one year and has outperformed the BSE Small cap and BSE Metal indices over the same time span.

Ratnamani Metals and Tubes Limited is a holding company engaged in the manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel.

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