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

Ratnamani Metals and Tubes

30/11/2021 05:05

** Shares of the tubes and pipes maker  RMT.NS  rise as much
as 13% to 2,305.30 rupees to hit a record high
    ** RMT shares climb to their biggest intraday pct gain since
Feb. 22, after three straight session of losses 
    ** Co says https://bit.ly/3d0HN14 got two domestic orders
worth 2.98 bln rupees ($39.79 million) from the oil and gas
sector
    ** Co did not disclose whom the order was from but said it
would be executed between Feb 2022 to Jan 2023
    ** More than 67,700 shares traded by 0452 GMT, 2 times their
30-day avg of over 33,400 shares
    ** As of last close, RMT had risen 29.4% this year vs a
nearly 63% gain in the Nifty Metal index  .NIFTYMET  

($1 = 74.8900 Indian rupees)

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