Ratnamani Metals & Tubes will hold a meeting of the Board of Directors of the Company on 3 November 2020.

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Ratnamani Metals & Tubes Ltd is down for a fifth straight session today. The stock is quoting at Rs 1165, down 1.18% on the day as on 13:29 IST on the NSE. The benchmark NIFTY is down around 1.67% on the day, quoting at 10945.8. The Sensex is at 37032.42, down 1.69%.Ratnamani Metals & Tubes Ltd has added around 0.1% in last one month.Meanwhile, Nifty Metal index of which Ratnamani Metals & Tubes Ltd is a constituent, has eased around 14.43% in last one month and is currently quoting at 2205.25, down 2.7% on the day. The volume in the stock stood at 8814 shares today, compared to the daily average of 20524 shares in last one month.

The PE of the stock is 18.69 based on TTM earnings ending June 20.

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Ratnamani Metals on Friday said it received a domestic order worth Rs 90 crore in carbon steel division of the company for supplying coated CS pipes for oil & gas sector. The order is to be completed between December 2020 to April 2021.

Ratnamani Metals & Tubes is engaged in providing total piping solutions to a diverse range of industries.

On a consolidated basis, the company posted a 20.7% fall in net profit to Rs 49.71 crore on a 1.6% decline in net sales to Rs 578.07 crore in Q1 June 2020 over Q1 June 2019.

The stock rose 0.21% to Rs 1132.50 on Friday (11 September). The stock has gained 20.62% in the past one year while the benchmark S&P BSE Sensex gained 4.25% during the same period.

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Ratnamani Metals & Tubes has received a domestic order of Rs 90 crore in Carbon Steel Division of the Company for the supply of coated CS Pipes for Oil & Gas Sector to be completed between December, 2020 to April, 2021.

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