Buzzing stock: Ratnamani surges high and sets new 52-week high
DSIJ Intelligence / 25 Jul 2017
Ratnamani Metals & Tubes Ltd. has bagged again two new orders for supplying HSAW pipes.
Ratnamani Metals & Tubes Ltd. has bagged again two new orders for supplying HSAW pipes. The orders are aggregating to Rs 339 crore, of which one order is of Rs 214 crore and the other is of Rs 125 crore.
The orders would be executed and are expected to finish by March 2018 and April 2018.
In June 2017, the company had bagged two orders aggregating to Rs 328 crores for the supply of HSAW and ERW pipes for oil and gas pipelines. These orders were expected to be completed by December 2017 and January 2018.
The stock price surged today by 4.3 percent from its previous closing price of Rs 832.45. It opened high at Rs 872 and has made a new 52-week high record.
Ratnamani Metals & Tubes Ltd. is a company engaged in the manufacture of tubes, pipes and hollow profiles and of tube and pipe fittings of cast-iron/cast-steel.
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