Ratnamani Metals & Tubes Ltd shares fall 1.91% as CRISIL Ratings assigns credit rating.
Why did Ratnamani Metals & Tubes Ltd-$ shares fall today?
Ratnamani Metals & Tubes Ltd shares fell 1.91% today, Thursday, closing at ₹2,208.0 at 04:54 PM. This decline occurred despite the company receiving positive news regarding its financial health.
The company informed stock exchanges that CRISIL Ratings Limited has upgraded its long-term credit rating for bank loan facilities to 'Crisil AA+/Stable' from the earlier 'Crisil AA/Positive'. The short-term rating of 'Crisil A1+' was also reaffirmed. This upgrade applies to total bank loan facilities of ₹2,200 crore. A credit rating upgrade is a positive signal, reflecting an improved assessment of the company's creditworthiness and ability to service its debt.
However, share prices can sometimes move independently of positive news due to broader market trends, profit booking by investors after previous gains, or other stock-specific factors. The market's reaction today appears to be negative, leading to the share price dip.
What does Ratnamani Metals & Tubes Ltd-$ do?
Ratnamani Metals & Tubes Ltd is a company listed on both the BSE Ltd (Company Code: 520111) and the National Stock Exchange of India Ltd (Company Code: RATNAMANI). It has engaged in a formal intimation to these stock exchanges under SEBI's Listing Regulations.
The company has communicated that its bank loan facilities, totaling Rs. 2,200 Crores, have received updated credit ratings. Crisil Ratings Limited upgraded the long-term rating to Crisil AA+/Stable and reaffirmed the short-term rating at Crisil A1+.
Ratnamani Metals & Tubes Ltd-$ Financials
In CroresBased on the provided quarterly data, Ratnamani Metals & Tubes Ltd-$ reported a decline in both revenue and profit between March 2026 and June 2026. Revenue decreased by approximately 10.4%, falling from ₹1084.82 Crores to ₹971.63 Crores. Concurrently, net profit saw a more pronounced reduction of about 21.5%, dropping from ₹104.65 Crores to ₹82.16 Crores. This indicates a sequential contraction in financial performance, with the bottom line experiencing a sharper decline than the top line.
Ratnamani Metals & Tubes Ltd-$ Shareholding Pattern
Promoter holding stands at 59.77% of the total share capital. Foreign Institutional Investors (FIIs) hold 10.72% stake in the company, while Domestic Institutional Investors (DIIs) hold 19.13%. Public shareholders hold the remaining 10.389999999999999% stake in Ratnamani Metals & Tubes Ltd-$.
Ratnamani Metals & Tubes Ltd-$ FAQs
Q: Why did Ratnamani shares fall 1.91% today?
Credit Rating to the Long Term and Short Term Bank Loan facilities by CRISIL Ratings Limited.. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Ratnamani Metals & Tubes Ltd-$?
As per the latest data, promoters hold 59.77% stake in Ratnamani Metals & Tubes Ltd-$, while FII holding stands at 10.72%. Domestic institutional investors hold 19.13%, and public shareholders account for 10.389999999999999% of the equity.
Q: What is the current stock price of Ratnamani Metals & Tubes Ltd-$?
Ratnamani Metals & Tubes Ltd-$ shares are currently trading at ₹2808.0, recording a decline of 1.91% from the previous close.
Q: What is the market capitalization of Ratnamani Metals & Tubes Ltd-$?
The company currently has a market capitalization of ₹19681.83 crore, reflecting its valuation in the Indian equity market.