Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

ICICI Direct is bullish on Ratnamani Metals and Tubes recommended buy rating on the stock with a target price of Rs 2225 in its research report dated November 12, 2022.

Buy Ratnamani Metals and Tubes; target of Rs 2225: ICICI Direct

Dhani Services Ltd, Deepak Fertilizers & Petrochemicals Corp Ltd, Mangalore Refinery And Petrochemicals Ltd and Ratnamani Metals & Tubes Ltd are among the other gainers in the BSE’s ‘A’ group today, 20 October 2022.

Rallis India Ltd leads gainers in ‘A’ group

Ratnamani Metals & Tubes Ltd is quoting at Rs 1954.45, up 1.43% on the day as on 12:49 IST on the NSE. The stock is up 32.83% in last one year as compared to a 3.46% spurt in NIFTY and a 3.74% spurt in the Nifty Media index.

Ratnamani Metals & Tubes Ltd up for third consecutive session

RTL is a major manufacturer of high-quality forged and turned bearing rings, gear blanks, and other comparable bearing components used in a wide range of industrial and automotive applications.

Ratnamani Metals & Tubes to acquire 53% stake in Ravi Technoforge; stock adds ~1%

Sharekhan is bullish on Ratnamani Metals and Tubes has recommended buy rating on the stock with a target price of Rs 2285 in its research report dated September 20, 2022.

Buy Ratnamani Metals and Tubes; target of Rs 2285: Sharekhan

Ratnamani Metals & Tubes Ltd is quoting at Rs 2033.05, up 2.04% on the day as on 12:49 IST on the NSE. The stock is up 40.19% in last one year as compared to a 1.07% gain in NIFTY and a 10.66% gain in the Nifty Media index.

Ratnamani Metals & Tubes Ltd up for third straight session

Ratnamani Metals & Tubes Ltd is quoting at Rs 1937.55, up 2.35% on the day as on 12:49 IST on the NSE. The stock is up 34.55% in last one year as compared to a 2.85% jump in NIFTY and a 3.46% jump in the Nifty Media index.

Ratnamani Metals & Tubes Ltd soars 2.35%, up for third straight session

Ratnamani Metals & Tubes Ltd is quoting at Rs 1923, up 4.82% on the day as on 12:44 IST on the NSE. The stock is up 34.22% in last one year as compared to a 2.44% jump in NIFTY and a 3.21% jump in the Nifty Media.

Ratnamani Metals & Tubes Ltd up for five straight sessions

ICICI Direct is bullish on Ratnamani Metals and Tubes has recommended buy rating on the stock with a target price of Rs 2000 in its research report dated August 11, 2022.

Buy Ratnamani Metals and Tubes: target of Rs 2000: ICICI Direct

Ratnamani Metals and Tubes Limited, Xpro India and Swasti Vinayak Art and Heritage Corporation Limited are three companies that is going to issue bonus shares this month

These 3 small-cap stocks to issue bonus shares this month. Details here

Shares of Ratnamani Metals & Tubes zoomed over 16 per cent after the stock turned ex-bonus today. The company will issue one bonus share for every two shares held by the existing shareholders. The bonus issue of shares was announced on May 18, 2022. Record date for the bonus issue is July 1.

Ratnamani Metals stock zooms 16%, turns ex-date for bonus issue

Ratnamani Metals and Tubes Limited is an India-based company that is primarily engaged in manufacturing stainless steel pipes and tubes, and carbon steel pipes. The Company operates through Steel Tubes and Pipes segment. The Company operates its geographical segments in India and Outside India. It offers a range of stainless steel welded/ seamless tubes and pipes and carbon steel welded pipes. The Company serves sectors, including oil and gas, refineries and petrochemicals, chemical and fertilizer, thermal, solar and nuclear power, defense, aerospace, and water distribution, among others. The Company’s manufacturing facilities are located at Chhatral, Indrad and Kutch in Gujarat. Its wholly owned subsidiary is Ratnamani INC, which is engaged in the trading of goods.

Ratnamani Metals and Tubes Ltd

Ratnamani Metals and Tubes Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Ratnamani Metals and Tubes; target of Rs 2225: ICICI Direct

Rallis India Ltd leads gainers in ‘A’ group

Ratnamani Metals & Tubes Ltd up for third consecutive session

Ratnamani Metals & Tubes to acquire 53% stake in Ravi Technoforge; stock adds ~1%

Buy Ratnamani Metals and Tubes; target of Rs 2285: Sharekhan

Ratnamani Metals & Tubes Ltd up for third straight session

Ratnamani Metals & Tubes Ltd soars 2.35%, up for third straight session

Ratnamani Metals and Tubes Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Ratnamani Metals and Tubes; target of Rs 2225: ICICI Direct

Rallis India Ltd leads gainers in ‘A’ group

Ratnamani Metals & Tubes Ltd up for third consecutive session

Ratnamani Metals & Tubes to acquire 53% stake in Ravi Technoforge; stock adds ~1%

Buy Ratnamani Metals and Tubes; target of Rs 2285: Sharekhan

Ratnamani Metals & Tubes Ltd up for third straight session

Ratnamani Metals & Tubes Ltd soars 2.35%, up for third straight session

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock