India's Ratnamani Metals And Tubes hits record high after order win

Ratnamani Metals and Tubes

08/10/2021 09:52

** Shares of the tubes and pipes maker  RMT.NS  rise as much
as 4.5% at 2,300 rupees, a record high     
    ** RMT marks biggest intraday pct gain since Aug. 27 in its
second straight session of gains
    ** Co says https://bit.ly/3ahBlS7 it got an order worth 980
million rupees ($13.06 million) for supply of carbon steel pipes
from domestic oil & gas sector; will be executed in 5 to 12
months
    ** RMT set for first weekly gain in three 
    ** More than 300,000 shares traded by 0830 GMT, 8.7 times
their 30-day avg of over 34,000 shares
    ** As of last close, RMT had risen 39.6% so far this year vs
a 27.24% gain in the Nifty 50 index  .NSEI 

($1 = 75.0550 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))