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RAMA STEEL TUBES Plunges 7%; BSE METAL Index Down 1.1%
Mon, 9 Sep 9:27

RAMA STEEL TUBES Plunges 7%; BSE METAL Index Down 1.1%Image source: DNY59/www.istockphoto.com

RAMA STEEL TUBES share price has plunged 7% and is presently trading at Rs 15.1.

Meanwhile, the BSE METAL index is at 30,975.2 (down 1.1%).

Among the top losers in the BSE METAL index today are Hindalco (down 1.7%) and Tata Steel (down 1.6%).

Over the last one year, RAMA STEEL TUBES has moved up from Rs 13.0 to Rs 15.1, registering a gain of Rs 2.1 (up 16.0%).

On the other hand, the BSE METAL index has moved up from 23,351.0 to 30,975.2, registering a gain of 32.7% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 88.7%), Coal India (up 88.4%) and Hindustan Zinc (up 48.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,059.0 (down 0.2%).

The top losers among the BSE Sensex today are Tata Steel (down 1.6%) and NTPC (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,813.7 (down 0.2%). ONGC and Tata Steel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,059.0, registering a gain of 15,278.7 points (up 23.2%).

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 79.2.


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