Ratnamani Metals surges 4%

Ratnamani Metals & Tubes is in the news today morning, with the stock price rising over 4% to hit an intraday high of Rs.1648.15. Its 52-week high stands at Rs.1775.40.

The company announced today morning that it has received an order worth Rs.105 crore.

This is for coated Carbon Steel pipes from Oil and Gas Sector and is to be executed between May, 2021 to September, 2021.

The company is India's largest manufacturer of Stainless Steel Seamless and Welded Tubes/Pipes, Titanium Welded Tubes and Nickel Alloy Seamless Tubes and Stainless Steel Pipes with external coating.

Last month too, the company had received orders worth Rs.104 crore and was for the same, oil & gas sector. The order has to be executed between January, 2021 and May, 2021.