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RAMA STEEL TUBES Plunges 10%; BSE METAL Index Up 2.0%
Tue, 27 Aug 9:0

RAMA STEEL TUBES Plunges 10%; BSE METAL Index Up 2.0%Image source: Chunumunu/www.istockphoto.com

RAMA STEEL TUBES share price has plunged 10% and is presently trading at Rs 10.1.

Meanwhile, the BSE METAL index is at 32,837.5 (up 2.0%).

Among the top losers in the BSE METAL index today is Coal India (down 0.1%).

SAIL (up 4.5%) and Hindalco (up 3.9%) are among the top gainers today.

Over the last one year, RAMA STEEL TUBES has moved down from Rs 13.0 to Rs 10.1, registering a loss of Rs 2.9 (down 22.5%).

On the other hand, the BSE METAL index has moved up from 21,593.7 to 32,837.5, registering a gain of 52.1% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 133.0%), Vedanta (up 94.5%) and NMDC (up 87.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,698.1 (up 0.8%).

The top gainers among the BSE Sensex today are HCl Tech. (up 3.5%) and NTPC (up 3.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 25,010.6 (up 0.8%). Hindalco and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,433.3 to 81,698.1, registering a gain of 16,264.8 points (up 24.9%).

RAMA STEEL TUBES Financial Update...

RAMA STEEL TUBES net profit fell 3.6% YoY to Rs 62 million for the quarter ended June 2024, compared to a profit of Rs 64 million a year ago. Net sales declined 30.7% to Rs 2,166 million during the period as against Rs 3,125 million in April-June 2023.

For the year ended March 2023, RAMA STEEL TUBES reported 0.4% increase in net profit to Rs 274 million compared to net profit of Rs 273 million during FY22. Revenue of the company grew 74.0% to Rs 13,368 million during FY23.

The current Price to earnings ratio of RAMA STEEL TUBES, based on rolling 12 month earnings, stands at 53.0.

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