Ratnamani Metals Stock Jumps 15% on Rs 2,700 Crore Orders

Ratnamani Metals’ stock rose 15% after the company announced new orders worth Rs 2,700 crore.

The company said it will make some of the products in its own plant.

It will have other parts made by outside contractors.

Some products will also be sold through a Mercantile Trade Transaction basis.

However, the company’s profit was lower than it was a year earlier.

Its profit fell to Rs 82.16 crore in the first quarter of FY27.

Its revenue also fell to Rs 971.63 crore.

The stock was trading above several commonly watched moving averages, but its RSI was close to the level considered overbought.