Ratnamani Metals & Tubes has received a domestic order for supply of Stainless Steel Pipes valued at Rs 820.0 million (Net of Taxes) which will be completed in next 18 months.
This is the highest value single order for Stainless Steel Pipes in the history of the Company so far.
The stock had outperformed the market over the past one month till May. 25, 2018, rising 2.58% compared with the Sensex's 1.23% rise. It outperformed the market in past one quarter, gaining 11.67% as against 2.29% rise in the Sensex.
Shares of the company gained Rs 14, or 1.36%, to trade at Rs 1,044.90. The total volume of shares traded was 370 at the BSE (3.19 p.m., Monday).