Ratnamani Metals & Tubes opened 4.5% higher at Rs.2115, going up 9.5% to an intraday high at Rs.2216.75, not too far from its 52-week high of Rs.2300. Volumes, though remain muted at a little over 5000 shares v/s 2-week average of 11,000 shares.

The company announced today that it has received new domestic orders aggregating to Rs.298 crore from the Oil & Gas Sector.

These orders are to be executed between February 2022 to January 2023.