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RAMA STEEL TUBES Gains 8%; BSE METAL Index Up 0.4%
Thu, 26 Sep 11:18

RAMA STEEL TUBES Gains 8%; BSE METAL Index Up 0.4%Image source: phive2015/www.istockphoto.com

RAMA STEEL TUBES share price has zoomed 8% and is presently trading at Rs 15.3.

Meanwhile, the BSE METAL index is at 33,353.8 (up 0.4%).

Among the top gainers in the BSE METAL index today are Tata Steel (up 1.1%) and SAIL (up 1.0%).

Hindustan Zinc (down 0.6%) and APOLLO TUBES (down 0.3%) are among the top losers today.

Over the last one year, RAMA STEEL TUBES has moved up from Rs 12.4 to Rs 15.3, registering a gain of Rs 2.9 (up 23.3%).

On the other hand, the BSE METAL index has moved up from 22,741.0 to 33,353.8, registering a gain of 46.7% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 115.4%), Coal India (up 74.9%) and Hindustan Zinc (up 62.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 85,388.2 (up 0.3%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 3.0%) and Bajaj Finserv (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..

In the meantime, NSE Nifty is at 26,073.3 (up 0.3%). Maruti Suzuki and Bajaj Finserv are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 85,388.2, registering a gain of 19,364.6 points (up 29.3%).

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 80.2.

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