Shares of Ratnamani Metals & Tubes were up 0.41% at Rs 2461.40. The stock bounced back after falling as much as 0.95% in initial deals today.

Ratnamani Metals & Tubes is engaged in providing total piping solutions to a diverse range of industries. On a consolidated basis, the company reported a 48% jump in net profit to Rs 89.09 crore on a 109% rise in net sales to Rs 927 crore in Q3 FY22 over Q3 FY21.