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Ratnamani Metals & Tubes Ltd.
Share Price Target & Analysis

NSE:RATNAMANI

3374.24

VWAP

3374.90

Open

3353.45

Close

3400.00

High

3348.05

Low

3938.80

52 Week High

3358.40 ⇧
4.95 (0.15%)

RATNAMANI

(METALS)
65.4% Momentum

Sideways to Positive

2262.00

52 Week Low

86.83

EPS

30.98

PE

7.31

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 14 per share. At the current share price of RATNAMANI at Rs 3358.40, this results in a dividend yield of 0.42 %.

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 86.83. NSE:RATNAMANI book value per share as of today is 459.57. The current price to book ratio for RATNAMANI as of May 23, 2024 is 7.31.

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 3374.24.

Now, the main question is whether to BUY or SELL, NSE:RATNAMANI at current valuation.
As per latest Analysis No. #2795:-

⇑ 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 23, 2024)

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

Ratnamani Metals & Tubes Ltd. share price moved Up by 0.15% from its previous close of Rs 3353.45. RATNAMANI stock last traded price is 3358.40. RATNAMANI share price trend is Up with a total of 9508 stocks traded till now. It has touched an intraday high of Rs 3400.00 and an intraday low of Rs 3348.05. The RATNAMANI trading at 3358.40, Up by Rs. 4.95, or 0.15 percent which suggests that most of the Traders are anticipating that the price of RATNAMANI share should go Up.

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 Up by 0.15%. RATNAMANI share price short term trend is Up. It suggests that RATNAMANI Share Price for Tomorrow remains the same with VWAP at 3374.24 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

 3358.40

RATNAMANI Share Price Target Prediction for 2024 ^

 2981.3 - 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
457.3

*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: @3301.6

RATNAMANI Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 3200.88 BUY 3219.09 BUY
MA_12 3161.91 BUY 3158 BUY
MA_20 3108.46 BUY 3119.94 BUY
MA_32 3039.41 BUY 3073.75 BUY
MA_50 2955.24 BUY 3057.88 BUY
MA_100 3070.31 BUY 3054.73 BUY
MA_200 3013.35 BUY 2937.91 BUY

RATNAMANI Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 3108.46 Uptrend
MACD 11.25 BUY
ADX 13.51 NO or Weak Trend
DMI (+/-) 20.93 / 17.64 Uptrend

RATNAMANI Momentum Oscillators

BUY (8) NEUTRAL (4) SELL (0)
Momentum Oscillators Value Action
RSI 69.8 Neutral
STOCHASTIC_K (Fast) 87.63 Overbought
STOCHASTIC_D (Slow) 80.46 Overbought
CCI 272.47 BUY
PSAR 3000 BUY
TRUE RANGE 146.45 Neutral
ATR 109.1 Neutral
WILLIAMS R -13.83 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 85.72 Overbought
MOMENTUM 332.2 BUY

RATNAMANI Last 1 Year Trend

Duration Value
1 Year 40.48%
3 Months 10.31%
1 Month 11.19%
1 Week 5.61%

RATNAMANI Technical Analysis Summary

Updated on 2024-05-18
Action Overall (%)
BUY 83%
NEUTRAL / HOLD 17%
SELL 0%

Most popular Questions & Answers about RATNAMANI


Ratnamani Metals & Tubes Ltd. stock last traded price is 3358.40. RATNAMANI share price moved Up by 0.15% from its previous close of Rs 3353.45.

Ratnamani Metals & Tubes Ltd. share price trend is Up with a total of 9508 stocks traded till now. It has touched an intraday high of Rs 3978.188 and an intraday low of Rs 3348.05. The RATNAMANI trading at 3358.40, Up by Rs. 4.95, or 0.15 percent which suggests that most of the Traders are anticipating that the price of RATNAMANI share should go Up and the Stop Loss will be around 3374.24.

The market cap of Ratnamani Metals & Tubes Ltd. is ₹8887.7 (in Cr) as of May 22, 2024.

The current price to earning ratio for Ratnamani Metals & Tubes Ltd. as of May 22, 2024 is 30.98.

The current price to book ratio for Ratnamani Metals & Tubes Ltd. as of May 22, 2024 is 7.31.

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 ₹2262.00 in the last 52-week.

Ratnamani Metals & Tubes Ltd. share trading at ₹3358.40, Up by Rs. 4.95, or 0.15 percent which suggests that most of the traders are anticipating that the price of RATNAMANI share should go Up.

In 2023, Stock price target for Ratnamani Metals & Tubes Ltd. (RATNAMANI) are ₹2981.3 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 86.83. Ratnamani Metals & Tubes Ltd. book value per share as of today is 459.57. The current price to book ratio for RATNAMANI as of May 23, 2024 is 7.31.


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 1700.15 16.35 104.11
RATNAMANI 3358.40 86.83 459.57
WELCORP 598.60 21.49 132.7
MAHSEAMLES 757.45 72.76 423.64
JINDALSAW 547.55 50.24 318.72
SURYAROSNI 578.60 30.22 171.07
GOODLUCK 922.95 38.7 188.62
HITECH 127.05 2.14 23.39
MANINDS 374.90 18.45 155.27
GANDHITUBE 844.10 43.35 149.85
Updated at: 23 May 2024 09:33

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