Rama Steel Tubes rises on bagging two new orders worth around Rs 6.7 crore

Rama Steel Tubes is currently trading at Rs. 175.60, up by 1.45 points or 0.83% from its previous closing of Rs. 174.15 on the BSE.

Rama Steel Tubes
Rama Steel Tubes

The scrip opened at Rs. 177.80 and has touched a high and low of Rs. 179.80 and Rs. 174.95 respectively. So far 7269 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 181.55 on 18-Nov-2022 and a 52 week low of Rs. 42.74 on 20-Dec-2021.

Last one week high and low of the scrip stood at Rs. 179.80 and Rs. 161.25 respectively. The current market cap of the company is Rs. 1588.79 crore.

The promoters holding in the company stood at 65.40%, while Institutions and Non-Institutions held 5.15% and 29.45% respectively.

Rama Steel Tubes has received two new orders from Purvanchal Vidut Vitran Nigam and Paschimanchal Vidut Vitran Nigam aggregating to around Rs 6.7 crore. These orders are mainly for supply of Steel tubular poles. These orders will further strengthen RSTL’s order book and credibility in the market.

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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