Rama Steel Tubes jumps on reporting 78% increase in sales volume in Q2FY23

Rama Steel Tubes is currently trading at Rs. 111.75, up by 1.95 points or 1.78% from its previous closing of Rs. 109.80 on the BSE.

Rama Steel Tubes
Rama Steel Tubes

The scrip opened at Rs. 114.80 and has touched a high and low of Rs. 114.80 and Rs. 110.00 respectively. So far 14600 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 133.05 on 30-Aug-2022 and a 52 week low of Rs. 42.72 on 01-Dec-2021.

Last one week high and low of the scrip stood at Rs. 114.80 and Rs. 100.80 respectively. The current market cap of the company is Rs. 972.86 crore.

The promoters holding in the company stood at 70.46%, while Institutions and Non-Institutions held 3.47% and 26.07% respectively.

Rama Steel Tubes has reported increase of 78% year-on-year (YoY) Basis in sales volume at 48,774.67 Ton in Q2FY23. The company has reported 68% jump in sales volume at 78,608.63 Ton in H1FY23 as compared to 46,698.18 Ton in the last year.

As per the company, in H2FY23, the sales volume would get further boost from commissioning and ramp-up of New capacity expansion at Khopoli Plant, Maharashtra.

Rama Steel Tubes is a leading player engaged in the manufacturing and trading of Steel Tubes & Pipes and Rigid PVC (Poly Vinyl Chloride) & G.I. (Galvanised Iron) Pipes in India as well as in the world.

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