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Safe Indian stock market tip for investment

Posted By On 7:34 PM Under ,

If one is looking for a long term growth story which may not be affected by recession than one should go for Ratnamani metals as it is business leader in its segment and has business namely in stainless steel tubes for industrial applications and carbon steel pipes. Their business is recession proof as stainless steel tubes are used by a number of industries like refineries, fertiliser, pharmaceutical and power plants (both thermal and nuclear)etc.

2. Ratnamani enjoys a market share of more than 40% and it has another line of defence in form of a business constituting electric resistance welded (ERW) and submerged arc welded (SAW) pipes, which are used for oil & gas transportation. One can be sure of its prospects as its carbon steel capacities are currently fully utilised.

3. One can invest in this growth stock as a long term investment plan considering the company's strong financials, growth plans and diversification strategy.
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