NIFTY 23907.25 BANK 51135.40

Ratnamani Metals & Tubes Ltd.
Share Price Target & Analysis

NSE:RATNAMANI

3469.29

VWAP

3540.15

Open

3638.6

Close

3580.15

High

3451

Low

3978.5

52 Week High

3466.25 ⇩
-172.35 (-4.74%)

RATNAMANI

(METALS)
63.3% Momentum

Sideways to Positive

2581.5

52 Week Low

72.81

EPS

29.98

PE

7.54

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 3466.25, this results in a dividend yield of 0.4 %.

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 72.81. NSE:RATNAMANI book value per share as of today is 459.57. The current price to book ratio for RATNAMANI as of Nov 23, 2024 is 7.54.

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 27.55% is very crucial parameter which shows that 27.55% investors are anticipating that the price of RATNAMANI share should go up with VWAP at 3469.29.

Now, the main question is whether to BUY or SELL, NSE:RATNAMANI at current valuation.
As per latest Analysis No. #3192:-

⇑ 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 (Nov 23, 2024)

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

Ratnamani Metals & Tubes Ltd. share price moved Down by -4.74% from its previous close of Rs 3638.6. RATNAMANI stock last traded price is 3466.25. RATNAMANI share price trend is Down with a total of 105306 stocks traded till now. It has touched an intraday high of Rs 3580.15 and an intraday low of Rs 3451. The RATNAMANI trading at 3466.25, Down by Rs. -172.35, or -4.74 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 -4.74%. RATNAMANI share price short term trend is Down. It suggests that RATNAMANI Share Price for Tomorrow remains the same with VWAP at 3469.29 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

 3466.25

RATNAMANI Share Price Target Prediction for 2024 ^

 3152.2 - 3998.2

RATNAMANI Share Price Target Prediction for 2025*^

 3998.2 - 4259.4

RATNAMANI Share Price Target Prediction for 2026*^

 4259.4 - 4557.6

RATNAMANI Share Price Target Prediction for 2027*^

 4785

RATNAMANI Share Price Target Prediction for 2028*^

 4922

RATNAMANI Share Price Target Prediction for 2030*^

 5365
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: @3519.4

RATNAMANI Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 3559.82 SELL 3555.73 SELL
MA_12 3619.5 SELL 3589.06 SELL
MA_20 3591.49 SELL 3596.39 SELL
MA_32 3595.95 SELL 3605.38 SELL
MA_50 3643.62 SELL 3606.52 SELL
MA_100 3620.58 SELL 3574.03 SELL
MA_200 3367.08 BUY 3403.43 BUY

RATNAMANI Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 3591.49 Downtrend
MACD -10.15 SELL
ADX 16.73 NO or Weak Trend
DMI (+/-) 12.59 / 18.9 Downtrend

RATNAMANI Momentum Oscillators

BUY (0) NEUTRAL (6) SELL (6)
Momentum Oscillators Value Action
RSI 40.86 Neutral
STOCHASTIC_K (Fast) 24.43 Neutral
STOCHASTIC_D (Slow) 17.23 Oversold
CCI -106.61 SELL
PSAR 3763.24 SELL
TRUE RANGE 89.4 Neutral
ATR 108.55 Neutral
WILLIAMS R -73.25 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 9.26 Oversold
STOCHASTIC RSI D 3.09 Oversold
MOMENTUM -138.15 SELL

RATNAMANI Last 1 Year Trend

Duration Value
1 Year 5.22%
3 Months -2.24%
1 Month -3.78%
1 Week -4.17%

RATNAMANI Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 23%
SELL 70%

Most popular Questions & Answers about RATNAMANI


Ratnamani Metals & Tubes Ltd. stock last traded price is 3466.25. RATNAMANI share price moved Down by -4.74% from its previous close of Rs 3638.6.

Ratnamani Metals & Tubes Ltd. share price trend is Down with a total of 105306 stocks traded till now. It has touched an intraday high of Rs 4018.285 and an intraday low of Rs 3451. The RATNAMANI trading at 3466.25, Down by Rs. -172.35, or -4.74 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 3469.29.

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

The current price to earning ratio for Ratnamani Metals & Tubes Ltd. as of Nov 22, 2024 is 29.98.

The current price to book ratio for Ratnamani Metals & Tubes Ltd. as of Nov 22, 2024 is 7.54.

The highest price of Ratnamani Metals & Tubes Ltd. stock is ₹3978.5 in the last 52-week.

The lowest price of Ratnamani Metals & Tubes Ltd. stock is ₹2581.5 in the last 52-week.

Ratnamani Metals & Tubes Ltd. share trading at ₹3466.25, Down by Rs. -172.35, or -4.74 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 ₹3152.2 on downside and ₹3998.2 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 ₹3998.2 on downside and ₹4259.4 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 ₹4259.4 on downside and ₹4557.6 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 ₹4922 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.

The price of Ratnamani Metals & Tubes Ltd. (RATNAMANI) shares moved by -4.74%. The short-term trend for RATNAMANI share price is Down. It implies that the share price of RATNAMANI will stay the same tomorrow and that intraday traders should treat VWAP at 3469.29 as a stop loss. Investors with a long-term outlook can track RATNAMANI long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of RATNAMANI stock is 873. Compared to the current market price of 3466.25 INR, the RATNAMANI stock is Overvalued by 74.8%.

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 72.81. Ratnamani Metals & Tubes Ltd. book value per share as of today is 459.57. The current price to book ratio for RATNAMANI as of Nov 23, 2024 is 7.54.


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 1418.25 9.32 104.11
RATNAMANI 3466.25 72.81 459.57
WELCORP 700.60 16.48 135.86
MAHSEAMLES 641.00 64.46 418.64
JINDALSAW 297.00 29.78 159.36
SURYAROSNI 565.05 29.63 198.83
GOODLUCK 944.00 44.83 311.61
HITECH 165.30 2.41 25.65
MANINDS 297.65 17.55 195.65
GANDHITUBE 755.25 47.84 183.33
Updated at: 22 Nov 2024 15:31

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