India's Rama Steel Tubes hits record high on qtrly sales vol

Rama Steel Tubes

03/01/2023 07:18

** Shares of Rama Steel Tubes Ltd  RAMA.NS  rise as much as
4.8% to record high of 185 rupees
    ** Co reports record 118.34% jump in Q3 sales volume
    ** Trading vol of ~1.7 mln shares as of 12:35 p.m. IST
nearly 2x the 30-day avg
    ** Stock has been trading above it 50-, 100- and 200-day
moving avgs since mid-Oct, except for a few session in late Dec
when it slipped below the 50-DMA
    ** Stock rose ~145% last year and ~612% in 2021
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))