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Rama Steel rises as board to mull bonus issue

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Capital Market
Last Updated : Nov 14 2022 | 4:04 PM IST

Rama Steel Tubes rose 3.20% to Rs 169.45 after the steel pipes manufacturer announced that its board will consider a bonus share issue on Friday, 18 November 2022.

The company's consolidated net profit declined 28.2% YoY to Rs 5.09 crore while net sales surged 79.9% to Rs 347.24 crore in Q2 FY23 over Q2 FY22.

Rama Steel Tubes is engaged in the business of manufacturing of Steel Pipes and related products.

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First Published: Nov 14 2022 | 3:25 PM IST

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