This mid-cap metal stock zooms 15% on Rs 2,700 crore order announcement; do you own?

Shares of Ratnamani Metals & Tubes Ltd, a mid-cap metal company, surged 14.81 per cent to close at Rs 2,702 on Monday after its subsidiary Ratnamani Finow Spooling Solutions Pvt Ltd received export orders aggregating to $286 million or around Rs 2,700 crore.

In an exchange filing, Ratnamani Metals & Tubes said the subsidiary has received export orders for the supply of spools and hangers.

"It may be noted that the orders would be partly manufactured in its plant and would partly be sub-contracted and sold on Mercantile Trade Transaction basis," the company added in the filing.

Ratnamani Metals Q1 results

On the earnings front, Ratnamani Metals reported a 37.67 per cent year-on-year (YoY) decline in consolidated net profit attributable to owners to Rs 82.16 crore in Q1 FY27, compared with Rs 131.82 crore in the corresponding quarter of the previous year.

Revenue from operations also declined 15.62 per cent YoY to Rs 971.63 crore in the June quarter, from Rs 1,151.62 crore in Q1 FY26.

Technically, the stock traded above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages (SMAs). Its 14-day relative strength index (RSI) stood at 69.50. An RSI below 30 is considered oversold, while a reading above 70 is viewed as overbought.

Ratnamani Metals has a standalone/consolidated price-to-earnings (P/E) ratio of 55.21/36.82 and a price-to-book (P/B) value of 5.69. Earnings per share (EPS) stood at 48.94/73.38, while return on equity (RoE) was 10.30.

According to Trendlyne data, the stock's one-year beta stood at 0.68, indicating relatively low volatility.