Ratnamani Metals & Tubes announced that the Annual General Meeting (AGM) of the company will be held on 27 August 2020.

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Net profit of Ratnamani Metals & Tubes rose 6.57% to Rs 67.34 crore in the quarter ended March 2020 as against Rs 63.19 crore during the previous quarter ended March 2019. Sales declined 8.39% to Rs 629.09 crore in the quarter ended March 2020 as against Rs 686.74 crore during the previous quarter ended March 2019.

For the full year,net profit rose 21.60% to Rs 307.54 crore in the year ended March 2020 as against Rs 252.92 crore during the previous year ended March 2019. Sales declined 6.23% to Rs 2583.14 crore in the year ended March 2020 as against Rs 2754.90 crore during the previous year ended March 2019.

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Ratnamani Metals & Tubes will hold a meeting of the Board of Directors of the Company on 16 June 2020.

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Ratnamani Metals & Tubes Ltd rose for a fifth straight session today. The stock is quoting at Rs 885.95, up 1.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 3.2% on the day, quoting at 9886.95. The Sensex is at 33565.8, up 3.52%. Ratnamani Metals & Tubes Ltd has added around 1.63% in last one month.

Meanwhile, Nifty Metal index of which Ratnamani Metals & Tubes Ltd is a constituent, has added around 14.12% in last one month and is currently quoting at 1879.85, up 4.04% on the day. The volume in the stock stood at 6597 shares today, compared to the daily average of 14927 shares in last one month.

The PE of the stock is 13.49 based on TTM earnings ending December 19.

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