Ratnamani Metals & Tubes issue corporate guarantee of up to Rs 50 cr on behalf of subsidiary

Ratnamani Metals & Tubes Ltd is quoting at Rs 3669.45, up 1.68% on the day as on 12:49 IST on the NSE. The stock is up 58.85% in last one year as compared to a 24.81% spurt in NIFTY and a 57.15% spurt in the Nifty Metal index.

Ratnamani Metals & Tubes Ltd spurts 1.68%, gains for third straight session

Sharekhan is bullish on Ratnamani Metals and Tube has recommended buy rating on the stock with a target price of Rs 2950 in its research report dated August 10, 2023.

Buy Ratnamani Metals and Tube; target of Rs 2950: Sharekhan

Net profit for the June quarter stood at Rs 134.86 crore against Rs 48.02 crore a year ago. Revenue rose 20 percent YoY to Rs 1174.93 crore.

Ratnamani Metals gains 2% after June quarter earnings

Sharekhan is bullish on Ratnamani Metals and Tubes has recommended buy rating on the stock with a target price of Rs 2670 in its research report dated May 11, 2023.

Buy Ratnamani Metals and Tubes; target of Rs 2670: Sharekhan

The S&P BSE Sensex and Nifty50 in India closed flat with a negative bias. Stocks in capital goods, healthcare, metals, and energy sectors experienced selling pressure, while consumer durables, FMCG, power, and utilities saw some buying. Ratnamani Metals rose over 6%, Dr Reddy’s Laboratories fell nea…

Big Movers on D-St: What should investors do with Ratnamani Metal, DR Reddy’s Laboratories and FSL?

Ratnamani Metals stock in focus as the company declared better-than-expected Q4FY23 earnings today. The company's revenue was up over 53% YoY and the margins went up by 275bps. The stock has been performing well for quite some time now. What aided the stock performance? Ashesha Adhavaryu explains. 

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Ratnamani Metals Stock Up 9%; Company Declares Strong Q4 Earnings | Stock Market | Et Now Spotlight

The firm reported a net profit of Rs 194 crore in March quarter, up 71 percent from Rs 113 crore a year ago. Revenue advanced 53 percent year on year to Rs 1505.64 crore

Ratnamani Metals surges 10% on strong Q4 earnings

Sharekhan is bullish on Ratnamani Metals and Tubes has recommended buy rating on the stock with a target price of Rs 2500 in its research report dated February 15, 2023.

Buy Ratnamani Metals and Tubes; target of Rs 2500: Sharekhan

In today's episode of Inside Out, the focus is the business outlook, revenue guidance of Ratnamani Metals & Tubes and CarTrade Tech. Take a look.

#ratnamanimetalstubes #cartradetech #marginoutlook #businessoutlook #businesssegments #cnbctv18 #businessnews  #businessnewstoday #businessnewsinenglish #sharemarkettoday   

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All About Ratnamani Metals & Tubes' Financial & More & In The Swotlight: CarTrade Tech | Inside Out

Take a deep dive into Ratnamani Metals and Tubes and swotlight on Car Trade Tech in this episode of Inside Out. Listen in.

#ratnamanimetalsandtubes #cartradetech #ratnamanimetalstubes #cnbctv18
#businessnews  #businessnewstoday #businessnewsinenglish #sharemarkettoday   

About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. #n18oc_business  Catch all your favourite shows, exclusive videos, big-ticket interviews and more here. 

You can also connect with CNBC-TV18 News Online
Catch the latest news: https://bit.ly/2YbpXBM

Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/

Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/

You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/

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Deep Dive Into Ratnamani Metals And Tubes, Swotlight On  Car Trade Tech | Inside Out | CNBC-TV18

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ratnamani Metals and Tubes Limited is a holding company engaged in the manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel.