News for Ratnamani Metals & Tubes Limited (RATNAMANI.NS)

JSW Steel Ltd. and Tata Steel Ltd.'s share prices dragged the NSE Nifty Metal down on Wednesday, in the backdrop of US tariffs on aluminum and steel taking effect. US President Donald Trump announced plans to impose 25% duty on the metals without any exemption. The move will impact prices in the international market.

Buzzing stocks, stocks to watch today: ICICI Bank, Ratnamani Metals, Vodafone Idea, Indus Towers, L&T, Mastek, Bondada Engineering, Suraj Estate, HT Media, Technopack Polymers, Vimta Lab, Dynamic Services, Indraprastha Gas, Bharat Forge

Nov 18, 2024 / 11:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Ratnamani Metals & Tubes & Limited Q2 FY25 Earnings Conference Call hosted

Tata Power commissions 126 MW floating solar projects, India Glycols mulls demerger, Jai Balaji approves share split, Morgan Stanley buys PNB Housing stake.

The positive outlook for the metal sector, fueled by China's fiscal stimulus plans, further boosted Vedanta's share prices. The stock nearly reached its 52-week high on the NSE, with brisk trading activity involving over 4 crore shares.

Metals and mining stocks slump as Supreme Court allows states to levy taxes on minerals, impacting major companies.

Several major companies, such as Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric, are set to release their June quarter earnings reports this week.

Stocks to watch: Check out the companies making headlines before the opening bell today, on November 3, 2023.

Sharekhan is bullish on Ratnamani Metals and Tube has recommended buy rating on the stock with a target price of Rs 2950 in its research report dated August 10, 2023.

Net profit for the June quarter stood at Rs 134.86 crore against Rs 48.02 crore a year ago. Revenue rose 20 percent YoY to Rs 1174.93 crore.

Nifty futures on the Nifty International Exchange traded 41 points, or 0.21 per cent, higher at 19,601.50, hinting at a positive start for the domestic market on Wednesday.

Nifty futures on the Singapore Exchange traded 39 points, or 0.21 per cent, higher at 18,350, hinting at a positive start for the domestic market on Wednesday.

BENGALURU — Indian shares are expected to open higher on Thursday on the back of strong performance updates by companies ahead of quarterly earnings, while…

After a gap-up start on Thursday, BSE Sensex and NSE Nifty 50 gave up gains and turned negative.

Specialty company Aether Industries listed at Rs 706, a 10 per cent premium over its issue price of Rs 642, on the BSE. A total of 53 stocks hit 52-week high on BSE, while 28 scrips touched new lows intraday.

Indian benchmark indices were trading flat on Wednesday as IT, and auto stocks saw selling pressures. Both BSE Sensex and the NSE Nifty50 were fluctuating between gains and losses in volatile trading. The broader markets, meanwhile, outperformed the two indices.

Benchmark indices extended gains on Monday on the back of buying in auto and construction stocks. The BSE Sensex rose over 450 points or 0.84% to 54,782, and the NSE Nifty 50 gained 104 points to 16,370.

Indian equity markets were trading red on Wednesday as benchmark indices gave up early morning gains in noon deals. The BSE Sensex was down 114 points at 54,203, and the NSE Nifty50 fell 25 points to 16,233.

As indices traded volatile 110 scrips on the BSE hit their respective 52-week high values while a total of 43 trades at their highs on the NSE.