Synopsis: This small-cap steel stock is in focus today following the company’s announcement to acquire a UAE-based firm called Automech Group for Rs 728 crore to accelerate its

Entry into High-Margin Fabrication with Engineering Segments. The company projects its consolidated revenue to grow by over 113% by FY27E. The shares of this company, which is one of the leading manufacturers of steel pipes & tubes, rigid PVC & G.I. pipes and square section products in India, had its shares in the news when the company in its press release stated plans to acquire a UAE-based high-precision manufacturing firm to strengthen its high-margin fabrication business.

With the market cap of Rs 1,730 crore, the shares of Rama Steel Tubes Ltd are trading at Rs 10.6. The shares are trading at a PE of 91.4

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