Hot Pursuit     11-Sep-17
Rama Steel Tubes hits record high
Rama Steel Tubes advanced 3.32% to Rs 163.60 at 15:13 IST on BSE after consolidated net profit rose 25.09% to Rs 3.24 crore on 8% growth in total revenue to Rs 78.39 crore in Q1 June 2017 over Q1 June 2016.
The result was announced during market hours today, 11 September 2017.

Meanwhile, the S&P BSE Sensex was up 193.43 points or 0.61% at 31,880.95. The S&P BSE Small-Cap index rose 124.85 points or 0.76% at 16,450.05.

On the BSE, 1.72 lakh shares were traded on the counter so far as against the average daily volumes of 27,029 shares in the past one quarter. The stock had hit a high of Rs 168 so far during the day, which is a record high. The stock hit a low of Rs 158.65 so far during the day. The stock had hit a 52-week low of Rs 97.50 on 21 November 2016.

The stock had outperformed the market over the past one month till 8 September 2017, advancing 21.43% compared with the Sensex's 1.02% fall. The stock had also outperformed the market over the past one quarter, gaining 22.18% as against the Sensex's 1.52% rise. The scrip had also outperformed the market over the past one year, advancing 30.87% as against the Sensex's 9.1% rise.

The small-cap company has equity capital of Rs 8.40 crore. Face value per share is Rs 5.

Rama Steel Tubes deals in manufacturing, supplying and exporting of steel pipes, steel tubes and fittings.

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  Rama Steel Tubes standalone net profit rises 140.96% in the September 2023 quarter
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