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Ratnamani Metals & Tubes Ltd.
Share Price Target & Analysis

NSE:RATNAMANI

3152.15

VWAP

3158.05

Open

3154.9

Close

3180.00

High

3130.00

Low

3938.80

52 Week High

3153.40 ⇩
-1.50 (-0.05%)

RATNAMANI

(METALS)
61.2% Momentum

Sideways to Positive

1916.05

52 Week Low

90.81

EPS

30.62

PE

8.19

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: RATNAMANI Share Price Financial Analysis & Valuation

Ratnamani Metals & Tubes Ltd. (RATNAMANI) is broadly categorized in METALS segment industry which deals in Steel - Tubes & Pipes vertical. It is one of Mid Cap company with Market Capitalization of Rs 8887.7 (in Cr). Total number of free float shares are 4.7 (in Lacs). Ratnamani Metals & Tubes Ltd. is listed on NSE with Exchange ID - INE703B01027 and trading code is NSE:RATNAMANI with short name Ratnamani Metal.

In the past 1 year, Ratnamani Metals & Tubes Ltd. has declared an equity dividend of Rs 12 per share. At the current share price of RATNAMANI at Rs 3153.40, this results in a dividend yield of 0.38 %.

As per the Fundamental Analysis of NSE:RATNAMANI, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine RATNAMANI underlying value and future prospects. All of this data is available in RATNAMANI financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:RATNAMANI, it is clearly understood that RATNAMANI is Economical performer in terms of earnings and profit margins with an EPS of 90.81. NSE:RATNAMANI book value per share as of today is 385.03. The current price to book ratio for RATNAMANI as of May 16, 2024 is 8.19.

Valuation of the Stock: The current valuation of RATNAMANI stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of RATNAMANI whether to BUY this stock at current valuation. The delivery percentage of RATNAMANI is 47.87% is very crucial parameter which shows that 47.87% investors are anticipating that the price of RATNAMANI share should go up with VWAP at 3152.15.

Now, the main question is whether to BUY or SELL, NSE:RATNAMANI at current valuation.
As per latest Analysis No. #2788:-

⇑ STRONG BUY RATNAMANI if All Greens

⇗ BUY RATNAMANI (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD RATNAMANI (With Stop Loss) if only 1 Green

⇘ SELL RATNAMANI if NO Green Indicator

NSE: RATNAMANI Share Price Today (May 16, 2024)

(Ratnamani Metals & Tubes Ltd. Daily Analysis on the basis of RATNAMANI Intraday Graph & Trend)

Ratnamani Metals & Tubes Ltd. share price moved Down by -0.05% from its previous close of Rs 3154.9. RATNAMANI stock last traded price is 3153.40. RATNAMANI share price trend is Down with a total of 13866 stocks traded till now. It has touched an intraday high of Rs 3180.00 and an intraday low of Rs 3130.00. The RATNAMANI trading at 3153.40, Down by Rs. -1.50, or -0.05 percent which suggests that most of the Traders are anticipating that the price of RATNAMANI share should go Down.

NSE: RATNAMANI Share Price Tomorrow Prediction

(Ratnamani Metals & Tubes Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of RATNAMANI)

Ratnamani Metals & Tubes Ltd. share price moved Down by -0.05%. RATNAMANI share price short term trend is Down. It suggests that RATNAMANI Share Price for Tomorrow remains the same with VWAP at 3152.15 will be treated as stop loss for intraday traders. Ratnamani Metals & Tubes Ltd. Long term investors can follow the RATNAMANI long term trend as mentiond in future forecast table.

NSE Code

NSE: RATNAMANI

RATNAMANI Share Price Today

 3153.40

RATNAMANI Share Price Target Prediction for 2024 ^

 2817.1 - 3958.3

RATNAMANI Share Price Target Prediction for 2025*^

 3958.3 - 4216.9

RATNAMANI Share Price Target Prediction for 2026*^

 4216.9 - 4512.1

RATNAMANI Share Price Target Prediction for 2027*^

 4738

RATNAMANI Share Price Target Prediction for 2028*^

 4873

RATNAMANI Share Price Target Prediction for 2030*^

 5312
RATNAMANI Current Book Value 2023
383.1

*Ratnamani Metals & Tubes Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^RATNAMANI share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

RATNAMANI Technical Analysis

Candlestick Pattern: @3153.4

RATNAMANI Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 3133.83 BUY 3140.98 BUY
MA_12 3128.73 BUY 3109.85 BUY
MA_20 3065.7 BUY 3078.89 BUY
MA_32 3001.68 BUY 3042.6 BUY
MA_50 2947.6 BUY 3035.42 BUY
MA_100 3075.04 BUY 3042.29 BUY
MA_200 3003.43 BUY 2928.86 BUY

RATNAMANI Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 3065.7 Uptrend
MACD 2.52 BUY
ADX 14.26 NO or Weak Trend
DMI (+/-) 20.52 / 15.99 Uptrend

RATNAMANI Momentum Oscillators

BUY (3) NEUTRAL (8) SELL (1)
Momentum Oscillators Value Action
RSI 60.06 Neutral
STOCHASTIC_K (Fast) 81.09 Overbought
STOCHASTIC_D (Slow) 72.78 Neutral
CCI 71.14 Neutral
PSAR 3217.18 SELL
TRUE RANGE 50 Neutral
ATR 93.38 Neutral
WILLIAMS R -28.34 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 94.76 Overbought
STOCHASTIC RSI D 66.66 Neutral
MOMENTUM 215.9 BUY

RATNAMANI Last 1 Year Trend

Duration Value
1 Year 31.98%
3 Months -9.29%
1 Month 7.35%
1 Week -0.04%

RATNAMANI Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 67%
NEUTRAL / HOLD 30%
SELL 3%

Most popular Questions & Answers about RATNAMANI


Ratnamani Metals & Tubes Ltd. stock last traded price is 3153.40. RATNAMANI share price moved Down by -0.05% from its previous close of Rs 3154.9.

Ratnamani Metals & Tubes Ltd. share price trend is Down with a total of 13866 stocks traded till now. It has touched an intraday high of Rs 3978.188 and an intraday low of Rs 3130.00. The RATNAMANI trading at 3153.40, Down by Rs. -1.50, or -0.05 percent which suggests that most of the Traders are anticipating that the price of RATNAMANI share should go Down and the Stop Loss will be around 3152.15.

The market cap of Ratnamani Metals & Tubes Ltd. is ₹8887.7 (in Cr) as of May 15, 2024.

The current price to earning ratio for Ratnamani Metals & Tubes Ltd. as of May 15, 2024 is 30.62.

The current price to book ratio for Ratnamani Metals & Tubes Ltd. as of May 15, 2024 is 8.19.

The highest price of Ratnamani Metals & Tubes Ltd. stock is ₹3938.80 in the last 52-week.

The lowest price of Ratnamani Metals & Tubes Ltd. stock is ₹1916.05 in the last 52-week.

Ratnamani Metals & Tubes Ltd. share trading at ₹3153.40, Down by Rs. -1.50, or -0.05 percent which suggests that most of the traders are anticipating that the price of RATNAMANI share should go Down.

In 2023, Stock price target for Ratnamani Metals & Tubes Ltd. (RATNAMANI) are ₹2817.1 on downside and ₹3958.3 on upside. Ratnamani Metals & Tubes Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Ratnamani Metals & Tubes Ltd. (RATNAMANI) are ₹3958.3 on downside and ₹4216.9 on upside. Ratnamani Metals & Tubes Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Ratnamani Metals & Tubes Ltd. (RATNAMANI) are ₹4216.9 on downside and ₹4512.1 on upside. Ratnamani Metals & Tubes Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Ratnamani Metals & Tubes Ltd. (RATNAMANI) will be around ₹4873 Ratnamani Metals & Tubes Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of RATNAMANI.

As per the fundamental analysis of Ratnamani Metals & Tubes Ltd. (RATNAMANI), it is of Economical quality in terms of earnings and profit margins with an EPS of 90.81. Ratnamani Metals & Tubes Ltd. book value per share as of today is 385.03. The current price to book ratio for RATNAMANI as of May 16, 2024 is 8.19.


NSE:RATNAMANI News & Other Useful Information about RATNAMANI Share Price


Peer Comparison of NSE: RATNAMANI

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Steel - Tubes & Pipes

Company Price EPS BV
APLAPOLLO 1585.00 16.35 104.11
RATNAMANI 3153.40 90.81 385.03
WELCORP 598.95 21.49 132.7
MAHSEAMLES 804.40 79.23 350.88
JINDALSAW 547.80 50.24 318.72
SURYAROSNI 577.85 34.97 171.07
GOODLUCK 875.35 38.7 188.62
HITECH 124.40 2.14 23.39
MANINDS 380.15 18.45 155.27
GANDHITUBE 823.00 43.35 149.85
Updated at: 15 May 2024 15:46

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