Ratnamani Metals up 9% on Rs 298-crore orders from oil & gas sector

On Monday the stock had ended 5% lower after the company said that the IT department had conducted search operations at the company's registered office

Shares of Ratnamani Metals & Tubes soared 9 per cent to Rs 2,203 on the BSE in the intra-day trade on Tuesday after the company said it has received new domestic orders aggregating to Rs 297.87 crore from the oil & gas sector. The orders are to be executed between February 2022 and January 2023. The company made announcements on Monday after market hours.

The stock of the iron & steel products manufacturer had hit an all-time high of Rs 2,300 on October 21, 2021.

Today's rally helped the stock recover from yesterday's drubbing, where it ended 5