Ratnamani Metals & Tubes surged 6.42% to Rs 546.80 at 13:15 IST on BSE after net profit rose 42.9% to Rs 46.13 crore on 35.2% growth in net sales to Rs 494.12 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 18 May 2016.Meanwhile, the S&P BSE Sensex was down 171.54 points or 0.67% at 25,533.07.
On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 951 shares in the past one quarter. The stock hit a high of Rs 608 and a low of Rs 543.95 so far during the day. The stock had hit a 52-week high of Rs 699 on 10 August 2015. The stock had hit a 52-week low of Rs 387 on 17 February 2016. The stock had outperformed the market over the past one month till 18 May 2016, gaining 7.04% compared with Sensex's 0.43% fall. The scrip had also outperformed the market in past one quarter, surging 24.65% as against Sensex's 8.69% rise.
The small-cap company has equity capital of Rs 9.35 crore. Face value per share is Rs 2.
Ratnamani Metals & Tubes is a multi-location, multi-product company, manufacturing tubes & pipes in stainless steel/exotic material and also carbon steel pipes, in wide size ranges, for wide spectrum of applications.
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