India's Ratnamani Metals and Tubes jumps to record high

Ratnamani Metals and Tubes

21/09/2022 10:16

** Shares of Indian steel pipe and tube manufacturer
Ratnamani Metals and Tubes Ltd  RMT.NS  rise as much as 5.4% to
a record high of 2,100 rupees 
    ** Stock rises for a third straight session
    ** RMT.NS top gainer on Nifty Metal index  .NIFTYMET 
    ** More than 77,000 shares change hands by 0859 GMT, 2.6x
30-day avg of 29,632 shares
    ** All analysts covering the stock have a "buy" or "strong
buy" rating, none rate it at "hold," "sell" or "strong sell";
median PT is 1,958.50 rupees - Refinitiv data
    ** Stock up 53.70% so far this year as of last close, vs a
12.3% gain in the Nifty Metal index


 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))