Ratnamani Metals soars 31% in 8 days on winning orders worth Rs 140 crore

The company has received a domestic order worth Rs 140 crore in carbon steel division for the supply of CS pipes for oil & gas sector.

Shares of Ratnamani Metals & Tubes hit a fresh record high of Rs 1,645, up 4 per cent on the BSE in the intra-day deals on Friday after the company won orders worth of Rs 140 crore. The stock has surged 31 per cent in the past eight days.

The company, on November 13, said that it has received a domestic order worth Rs 140 crore in carbon steel (CS) division for the supply of CS pipes for oil & gas sector. The order has to be executed between January, 2021 and May, 2021, it said.

In the past three