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Tuesday, March 8, 2016
RAMA STEEL TUBES LTD :- VALUEABLE GEM
Today we are discussing stock from metal sector segment for long term investor.
Rama Steel Tubes Ltd
Rama Group, One of the
leading manufactures of Steel Pipes & Tubes and Rigid PVC & G.I.
Pipes in India. Established in 1974 by Sh. H.L. Bansal, Rama in one
of the most trusted and established name in the Steel Tube and pipe market
in India, and one which in rapidly gaining recognition in overseas markers.
With its 20% exports rate, the company has global presence in the Countries
like United Kingdom, UAE, Sri Lanka, Ethiopia, Kenya, Uganda, Ghana, Kuwait,
Republic of Congo, Yemen, Guyana, Germany, USA, South Africa, Zambia and
Malta etc. being its prime markets.
Rama steel make some of the best steel tube products in India. Our range includes
MS ERW black pipes from 15mm to 200mm diameter pipes confirming to IS: 1239,
IS:1161, IS:3589, IS:3601, & IS:4270 and G.I. Pipes from 15mm to 150mm
NB in light, medium and heavy sizes.
Rama has developed a very sophisticated manufacturing facility and the
company constantly invests in the latest advances in technology.
To take the lead & full fill the market demand Rama Group has installed
a modern high speed Tube Mill based on latest technology of world leader
M/s Kusakabe of Japan
Rama Group has the world's latest technology plant and machinery, which
also includes sophisticated testing equipments. Company plants is 10 Kilometers
form New Delhi, India's national capital, in the industrial belt of
Promoter holding 73.95 % stake in company, very low equity based company posted 160 cr sales and 3.42 cr net profit with 24.95 EPS in latest 9 month ended 2016-17( last full year sales was 192 cr and profit 0.62laks ) . COMPANY RECENTLY ANNOUNCED 4:1 BONUS AND 1:1 STOCK SPLIT (RS 10 TO RS 5) EX DATE 14/3/2016. Stock trading both NSE and BSE @ 892 levels, long term investor can buy this stock @ current price and hold long term for decent return. This stock is low risk and high return type of stock.
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