Ratnamani Metals surges 7% on winning Rs 591 crore-line pipe order

Shares of Ratnamani Metals & Tubes hit a record high of Rs 2,449, on rallying 7 per cent on the BSE in Tuesday’s intra-day trade after the company won an on order worth Rs 591 crore. The stock surpassed its previous high of Rs 2,329.15 touched on March 2, 2022. In comparison, at 10:27 am, the S&P BSE Sensex was down 0.51 per cent to 56,999 points. 

“The company has received a new domestic line pipe order for Rs 591 crore from the oil & gas sector, to be executed between August 2022 and March 2023,” Ratnamani Metals said