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Ratnamani Metals & Tubes gains on bagging new order of Rs 255 crore from Oil & Gas Sector

Ratnamani Metals & Tubes is currently trading at Rs. 875.00, up by 6.00 points or 0.69% from its previous closing of Rs. 869.00 on the BSE.

The scrip opened at Rs. 860.00 and has touched a high and low of Rs. 876.30 and Rs. 860.00 respectively. So far 2053 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.00 on 31-May-2018 and a 52 week low of Rs. 735.95 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 898.00 and Rs. 860.00 respectively. The current market cap of the company is Rs. 4088.70 crore.

The promoters holding in the company stood at 60.09%, while Institutions and Non-Institutions held 20.42% and 19.49% respectively.

Ratnamani Metals & Tubes has received new order of Rs 255.15 crore from Oil & Gas Sector. The order is for supplying Coated CS Pipes which is to be completed between September, 2019 to March, 2020.

Ratnamani Metals & Tubes is a multi-location, multi-product company, in India, manufacturing Tubes & Pipes in Stainless Steel/Exotic material and alsoCarbon Steel Pipes, in wide size ranges, for wide spectrum of applications.

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