rama steel tubes share price

Rama Steel Tubes Ltd., a key provider of steel pipes and tubes in India, boasts a high production capacity of 4,80,000 metric tonnes annually. Boasting a broad array of products such as black and galvanized steel pipes, square and rectangular hollow steel pipes, and seamless and welded steel pipes; the Company also offers additional services ranging from coating to cutting, bending, and end finishing of pipes. With its customer base stretching over sixty countries across the world, Rama Steel Tubes Ltd. continues to be the supplier of choice for many.

The Firm’s stocks are officially traded on the Bombay Stock Exchange and the National Stock Exchange.

On May 14th, investors drove the market price of Rama Steel Tubes Ltd. to an intraday peak of Rs. 107.50 with 1,03,934 shares traded. Closing at Rs. 106.35, the stock witnessed an overall growth of 1.61%, higher than its previous day’s closing rate of Rs. 104.70. Noteworthy fluctuations can be tracked back since 52-weeks; reaching a maximum of Rs. 158.50 and bottomed at Rs. 97.70.

In the quarter ending on March 31, 2020, the Company proudly announced their consolidated net profit of Rs. 25.61 crore – a notable increase from their Rs. 22.17 crore profit for the same period in 2019. Moreover, the consolidated total income for the mentioned quarter peaked at Rs. 506.39 crore compared to Rs. 481.09 crore the prior year, illustrating a prosperous future ahead for the organisation.

During the twelve-month period ending on March 31st, 2020, the firm experienced an increase in their consolidated net profit, reaching Rs. 109.80 crore – an expansion of Rs. 7.71 crore when compared to the previous year’s value. At the same time, total income grew from Rs. 2,036.02 to Rs. 2,155.40 crore, exhibiting an overall increase in the organization’s value over a year-long timeframe.

After a thorough review, the Company’s board of directors have decided to offer a dividend of Rs. 1.20 per share to conclude the financial year 2020 which had ended on March 31st.

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