Ratnamani Metals & Tubes announced the resignation of Jigar Shah from the post of company secretary, legal head and compliance officer of the company with effect from 31 December 2020.

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Ratnamani Metals & Tubes has received a domestic order of Rs 105 crore for coated carbon steel pipes from oil and gas sector to be executed between May 2021 to September 2021.

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The order is from oil and gas sector for coated carbon steel pipes to be executed between May and September 2021.

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

The company's consolidated net profit tanked 25.8% to Rs 56.72 crore on 5.5% decrease in net sales to Rs 576.89 crore in Q2 September 2020 over Q2 September 2019.

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Ratnamani Metals & Tubes Ltd rose for a fifth straight session today. The stock is quoting at Rs 1533.6, up 5.41% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 12834.55. The Sensex is at 43878.14, up 0.55%. Ratnamani Metals & Tubes Ltd has added around 21.45% in last one month.

Meanwhile, Nifty Metal index of which Ratnamani Metals & Tubes Ltd is a constituent, has added around 16.76% in last one month and is currently quoting at 2694.15, up 2.62% on the day. The volume in the stock stood at 34604 shares today, compared to the daily average of 14613 shares in last one month.

The PE of the stock is 24.8 based on TTM earnings ending September 20.

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