Ratnamani Metals & Tubes Ltd went down 1.49% on the National Stock Exchange (NSE). The stock tumbled 18.39% in 2021 compared to a 5.23% rally in Nifty and a 15.34% spurt in the Nifty Media index.

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On December 23, Ratnamani Metals & Tubes Ltd slipped for a fifth straight session. The stock was quoted at Rs 1906.6, down 1.49%. The benchmark Nifty is down around 1.29%. The Sensex is at 60,117.19, down 1.17%. Ratnamani Metals & Tubes Ltd will have around 2.14% in 2021. Meanwhile, the Nifty Media index of which Ratnamani Metals & Tubes Ltd has eased around 1.63% in November and recently traded at 6,519.25, down 2.82% on the day. The volume in the stock stood at 4,954 shares on December 23 compared with the daily average of 19,402 shares in the previous month.

At the end of September, the PE of the stock was 35.17 based on TTM earnings.