Rama Steel hits new high after it clocks highest-ever sales volume in Q3

In the past three months, the stock rallied 75 per cent, as against 8 per cent rise in the S&P BSE Sensex

Shares of Rama Steel Tubes soared 5 per cent to claim new high of Rs 185.10 in Tuesday’s intra-day trade, after the company recorded highest sales volume of 53,216.16 ton in the December quarter (Q3FY23).

The stock of steel pipes and tubes manufacturer surpassed its previous high of Rs 184.65, which it had touched on December 15, 2022. In comparison, the S&P BSE Sensex was down 0.07 per cent at 61,127 at 01:15 PM.

The sales volume for 9 month (April-December) of FY23 was 131,824.79 ton compared to 71,071.35 ton last year. In 12 months FY23, the management