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RAMA STEEL TUBES Gains 13%; BSE METAL Index Down 0.1%
Fri, 6 Sep 9:34

RAMA STEEL TUBES Gains 13%; BSE METAL Index Down 0.1%Image source: asbe/www.istockphoto.com

RAMA STEEL TUBES share price has zoomed 13% and is presently trading at Rs 15.4.

Meanwhile, the BSE METAL index is at 31,489.2 (down 0.1%).

Among the top gainers in the BSE METAL index today are APOLLO TUBES (up 1.2%) and Vedanta (up 0.3%).

Coal India (down 1.0%) and SAIL (down 0.6%) are among the top losers today.

Over the last one year, RAMA STEEL TUBES has moved up from Rs 12.9 to Rs 15.4, registering a gain of Rs 2.4 (up 18.7%).

On the other hand, the BSE METAL index has moved up from 23,156.1 to 31,489.2, registering a gain of 36.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 98.7%), Vedanta (up 93.7%) and NMDC (up 53.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 82,004.1 (down 0.2%).

The top losers among the BSE Sensex today are SBI (down 1.4%) and NTPC (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 25,138.0 . SBI and Coal India are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,628.1 to 82,004.1, registering a gain of 16,376.0 points (up 25.0%).

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 80.6.


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