Rama Steel Tubes announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 4 January 2025.Powered by Capital Market - Live

Rama Steel Tubes will hold a meeting of the Board of Directors of the Company on 10 December 2024Powered by Capital Market - Live

The Board of Rama Steel Tubes will meet on 10 December 2024 to consider and approve the further issue of equity shares, by way of a preferential issue along with other matters. Powered by Capital Market - Live

Net profit of Rama Steel Tubes declined 34.57% to Rs 4.05 crore in the quarter ended September 2024 as against Rs 6.19 crore during the previous quarter ended September 2023. Sales rose 29.37% to Rs 263.05 crore in the quarter ended September 2024 as against Rs 203.33 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales263.05203.33 29 OPM %0.225.98 - PBDT7.329.34 -22 PBT5.928.01 -26 NP4.056.19 -35 Powered by Capital Market - Live

Rama Steel Tubes will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

On a sequential basis, the volume is higher by 36%. Sales volume for Q1 FY25 were 37,365.55 tons in Q1 FY25. The company has reported sales volume of 88,287.22 tons for H1 FY25 compared to 84,218.01 tons posted in H1 FY24, up 5% YoY. Rama Steel Tubes is engaged in the business of manufacturing of Steel Pipes and related products. The company reported 10% decline in consolidated net profit to Rs 6.36 crore in Q1 FY25 as against Rs 7.07 crore posted in Q1 FY24. Revenue from operations fell 30.7% year on year to Rs 216.64 crore during the quarter ended 30 June 2024. The scrip declined 3.22% to currently trade at Rs 13.84 on the BSE. Powered by Capital Market - Live

Rama Steel Tubes has reduced its total sanctioned Bank Loans Limits by Rs 13.27 crore in its wholly owned subsidiary-Lepakshi Tubes. Over the period of one year company has reduced total sanctioned loans limits by 64.16% i.e. Rs 223.27 crore against overall total sanctioned loans limit of Rs 348.00 crore, including Lepakshi Tubes. Powered by Capital Market - Live

Rama Steel Tubes announced that the 50th Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Shubham Polyspin Ltd, United Drilling Tools Ltd, GIC Housing Finance Ltd and Indraprastha Medical Corporation Ltd are among the other losers in the BSE's 'B' group today, 09 September 2024.Rama Steel Tubes Ltd crashed 10.00% to Rs 14.94 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 364.06 lakh shares were traded on the counter so far as against the average daily volumes of 92.7 lakh shares in the past one month.Shubham Polyspin Ltd lost 7.83% to Rs 28.12. The stock was the second biggest loser in 'B' group.On the BSE, 38712 shares were traded on the counter so far as against the average daily volumes of 72115 shares in the past one month.United Drilling Tools Ltd tumbled 6.78% to Rs 252.9. The stock was the third biggest loser in 'B' group.On the BSE, 12975 shares were traded on the counter so far as against the average daily volumes of 4987 shares in the past one month.GIC Housing Finance Ltd shed 5.69% to Rs 222.95. The stock was the fourth biggest loser in 'B' group.On the BSE, 51786 shares were traded on the counter so far as against the average daily volumes of 15399 shares in the past one month.Indraprastha Medical Corporation Ltd slipped 5.57% to Rs 445.15. The stock was the fifth biggest loser in 'B' group.On the BSE, 1.13 lakh shares were traded on the counter so far as against the average daily volumes of 66275 shares in the past one month.Powered by Capital Market - Live

Shares of the Rama Steel Tubes soared 54.28% in three trading sessions from its recent closing low of Rs 10.52 on 3 September 2024. On the BSE, 454.43 lakh shares were traded in the counter so far compared with average daily volumes of 100.76 lakh shares in the past two weeks. The stock hit a high of Rs 16.5 and a low of Rs 14.47 so far during the day. The stock hit a 52-week high of Rs 16.82 on 23 January 2024. The stock hit a 52-week low of Rs 9.91 on 04 June 2024. The counter saw demand after the company announced a strategic collaboration with Onix Renewable on 4 September 2024. This partnership will focus on leveraging the expertise of the company to provide steel structures along with single-axis trackers, and will also focus on dual-axis trackers to be expanded in the future essential for solar projects undertaken by Onix Renewable, said the firm. The company has expanded its expertise and developed specialised steel structures and tracker tubes which will serve as the backbone for Greenfield solar projects. The stock had outperformed the market over the past one month, surging 51.4% as against Sensex's 3.62% increase. The scrip had also outperformed the market in past three months, advancing 39.19% as against 8.48% rise in Sensex. Meanwhile, the counter had slightly outperformed the market in past one year, rising 23.8% as against Sensex's 23.62% surge. On the technical front, the stock's daily RSI (relative strength index) stood at 83.609. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 11.00, 11.68 and 12.50, respectively. These levels will act as crucial support zones in near term. Rama Steel Tubes is engaged in the business of manufacturing of Steel Pipes and related products. The company reported 10% decline in consolidated net profit to Rs 6.36 crore in Q1 FY25 as against Rs 7.07 crore posted in Q1 FY24. Revenue from operations fell 30.7% year on year to Rs 216.64 crore during the quarter ended 30 June 2024.Powered by Capital Market - Live