RATNAMANI

Feb 12 (Reuters) - Ratnamani Metals and Tubes Ltd RMT.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.31 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 13.16 BILLION RUPEES

Source text: ID:nBSE8nm24g

Further company coverage: RMT.NS

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** Indian metal stocks .NIFTYMET climb 1.6% to one month high, set to snap six-session losing streak

** Index is top sectoral gainer, with 12 of 15 members higher

** India's Directorate General of Trade Remedies starts safeguard probe on imports of non-alloy and alloy steel flat products

** Tata Steel TISC.NS up 3.2% and JSW Steel JSTL.NS ~2%

** The duo could benefit most from a safeguard duty, says Investec

** YTD, metals index gains 12.5% vs Nifty 50's .NSEI ~10% rise

(Reporting by Kashish Tandon in Bengaluru)

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** Nifty metal index .NIFTYMET up 1.5% to a record high of 9,584.7 points

** Base metals, nickel prices on the London Metal Exchange rose to highest since Sept. 2023, boosted by funds inflow and supply disruptions worries in New Caledonia MET/L

** All 15 constituents of the index are trading in green

** Ratnamani Metals and Tubes RMT.NS, JSW Steel JSTL.NS and Hindustan Zinc HZNC.NS up between 2.6%-3.1%, top gainers in the index

** Most stocks on the index are rated "buy" on avg as per LSEG data, including APL Apollo Tubes APLA.NS, National Aluminium NALU.NS, NMDC NMDC.NS, which are up 2.2%-3.5%

** Including session's gains, NIFTYMET is up ~20% YTD vs 3.4% rise in the benchmark Nifty 50 index .NSEI

(Reporting by Manvi Pant in Bengaluru)

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May 16 (Reuters) - Ratnamani Metals and Tubes Ltd RMT.NS:

• RATNAMANI METALS AND TUBES LTD - DIVIDEND 14 RUPEESPER SHARE

• RATNAMANI METALS AND TUBES MARCH-QUARTER CONSOL NET PROFIT 1.92 BILLION RUPEES VERSUS PROFIT 1.92 BILLION RUPEES

• RATNAMANI METALS AND TUBES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 14.96 BILLION RUPEES VERSUS 14.99 BILLION RUPEES

Source text for Eikon: ID:nNSEbrMgJJ

Further company coverage: RMT.NS

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** Shares of Venus Pipes and Tubes VENS.NS up 7% to a record 1856.65 rupees

** Stainless-steel pipes maker extends record rally, gains over 10% in two sessions

** Co to foray in fittings business, expand stainless and titanium welded tubes capacity in projects worth 1.75 bln rupees ($21 mln)

** Trading volumes are 4.6 times its 30-day avg

** Stock gained ~27% in Feb so far, on track for biggest monthly gains since Oct. 2022

** Its ~96% gains in 2023 outpaced ~72% and ~41% gains in bigger rivals Ratnamani Metals and Tubes RMT.NS and APL Apollo Tubes APLA.NS

($1 = 82.8900 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of stainless steel maker Ratnamani Metals and Tubes RMT.NS down 7.5% to 3,199 rupees, its steepest drop since March 2020

** Co reported 1.52% growth in Q3 profit, its smallest quarterly growth since March 2022

** Stock has been trading above its 200-day simple moving avg since March 2023, volumes at 1.9 times the 30-day avg

** RMT is top loser on the Nifty metal index .NIFTYMET- down 1.6%

** Slump in metal stocks also triggered by fall in global metal prices on demand concerns from top consumer China and a strong U.S. dollar MET/L

** 14 cos of the 15-member index are trading in the red, with Hindustan Copper HCPR.NS second top loser, as London copper heads for biggest weekly loss since Sept.

** RMT gained ~72% in 2023, biggest gain since 2014

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Dec 19 (Reuters) - Ratnamani Metals and Tubes Ltd RMT.NS:

• EXECUTION OF JOINT VENTURE AGREEMENT WITH TECHNOENERGY AG, SWITZERLAND

Source text for Eikon: ID:nBSE6yVNTz

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** Shares of Ratnamani Metals and Tubes RMT.NS rise 5.6% to a record high of 2,984.05 rupees

** Co late on Thursday reported a 65.9% rise in its Sept-qtr consolidated net profit to 1.64 bln rupees ($19.70 mln)

** Steel tubes and pipes segment revenue, the largest contributor to rev from ops, increased 19.1% Y/Y

** Stock above its 100-, 200-day simple moving avg

** More than 111,000 shares traded as of 09:47 a.m. IST, 2.8 times their 30-day moving avg

** RMT last up 4% adding to YTD gains of ~50%

($1 = 83.2450 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Sept 28 (Reuters) - Ratnamani Metals and Tubes Ltd RMT.NS:

• CO INCORPORATED SUBSIDIARY CO RATNAMANI FINOW SPOOLING SOLUTIONS FOR 13.8 MILLION RUPEES

Source text for Eikon: ID:nNSE1R03LH

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** Shares of Ratnamani Metals and Tubes RMT.NS rise as much as 7.7% to a record high of 2,630 rupees

** Stock logs largest intraday pct climb since May 11

** Stock on track to rise for second straight session if trends hold

** RMT's relative strength index jumps over 70 in the session, indicating it is overbought

** Nearly 120,000 shares change hands as of 11:47 a.m. IST, 3.3x the 30-day moving average

** Including session's gains, RMT up ~33.5% YTD

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Ratnamani Metals and Tubes Ltd RMT.NS rise as much as 12.87% to a new record high of 2,528 rupee

** Uptick after the stainless steel pipes and tubes maker reports 71% Y/Y rise in consolidated net profit for March quarter nFWN37718V

** Revenue from operations jump 54% to 14.99 bln rupees from 9.74 bln rupees in the corresponding quarter a year ago

** Co also approves a dividend of 12 rupees per share

** Stock is most active in trade in nearly a year with the trading volume at 411,316 shares as of 10:22 a.m. IST, nearly 14 times the 30-day avg

** The relative strength index of the stock is at 79, suggesting it may be overbought - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 10 (Reuters) - Ratnamani Metals and Tubes Ltd RMT.NS:

• DIVIDEND OF 12 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT 1.92 BILLION RUPEES VERSUS 1.12 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 14.99 BILLION RUPEES VERSUS 9.74 BILLION RUPEES

• RE-APPOINTED PRAKASH M. SANGHVI AS MANAGING DIRECTOR

• RE-APPOINTED JAYANTI M. SANGHVI AS JOINT MANAGING DIRECTOR

Further company coverage: RMT.NS

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May 2 (Reuters) - Ratnamani Metals and Tubes Ltd RMT.NS:

• TO CONSIDER ENABLING RESOLUTION FOR RAISING FUNDS FOR UPTO 5 BILLION RUPEES

Source text for Eikon: ID:nBSE8mWy8g

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