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RAMA STEEL TUBES Gains 10%; BSE METAL Index Up 1.3%
Mon, 2 Dec 15:55

RAMA STEEL TUBES Gains 10%; BSE METAL Index Up 1.3%Image source: alexsl/www.istockphoto.com

RAMA STEEL TUBES share price has zoomed 10% and is presently trading at Rs 13.5.

Meanwhile, the BSE METAL index is at 30,927.2 (up 1.3%).

Among the top gainers in the BSE METAL index today are JSW Steel (up 2.5%) and Vedanta (up 1.6%).

APOLLO TUBES (down 0.5%) and Hindustan Zinc (down 0.2%) are among the top losers today.

Over the last one year, RAMA STEEL TUBES has moved up from Rs 12.3 to Rs 13.5, registering a gain of Rs 1.2 (up 9.5%).

On the other hand, the BSE METAL index has moved up from 24,068.4 to 30,927.2, registering a gain of 28.5% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 96.6%), Hindustan Zinc (up 67.5%) and Jindal Steel (up 37.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,248.1 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 points (up 21.3%).

RAMA STEEL TUBES Financial Update...

RAMA STEEL TUBES net profit fell 37.8% YoY to Rs 42 million for the quarter ended September 2024, compared to a profit of Rs 68 million a year ago. Net sales rose 29.4% to Rs 2,630 million during the period as against Rs 2,033 million in July-September 2023.

For the year ended March 2024, RAMA STEEL TUBES reported 9.3% increase in net profit to Rs 300 million compared to net profit of Rs 274 million during FY23. Revenue of the company fell 21.7% to Rs 10,465 million during FY24.

The current Price to earnings ratio of RAMA STEEL TUBES, based on rolling 12 month earnings, stands at 77.4.

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