Ratnamani Metals and Tubes reported a strong set of Q2FY19 numbers. The performance was driven by higher realisations on a YoY basis in both stainless steel and carbon steel division The stainless steel division reported sales of ~5651 tonnes (down 2.3% YoY; up 41.9% QoQ) higher than our estimate of ~4200 tonne. The carbon steel division sales came in at ~76653 tonnes (up 212.3% YoY, 7.8% QoQ, and higher than our estimate of ~ 74375 tonnes). Total operating income for the quarter was at | 730.3 crore (up 129.9% YoY,...