Ratnamani Metals & Tubes announced that the company has bagged two orders for supply of carbon steel pipes aggregating to Rs 4.12 billion.

The supplies will begin from May 2014 and will be completed by May/June 2015.

The stock had outperformed the market over the past one month till Apr. 10, 2014, rising 9.72% compared with the Sensex`s 3.56% rise. It outperformed the market in past one quarter, gaining 17.27% as against 9.43% rise in the Sensex.

Shares of the company gained Rs 7.7, or 2.96%, to trade at Rs 267.75. The total volume of shares traded was 13,256 at the BSE (1.57 p.m., Friday).