Buy Ratnamani Metals and Tubes: Kunj Bansal

Kunj Bansal of Centrum Wealth Management told CNBC-TV18, "This is the best time to buy Ratnamani Metals and Tubes because this is where you get money. The stock is down from the peak of Rs 800 to now about Rs 580 yesterday and it is a company, which makes about 17-18 percent EBITDA margin, a zero-debt company, net cash company, return on equity (RoE) closer to 20 percent and in the last few quarters growth was an issue but has clearly been picking up. Its order book has been growing, the softer commodity prices will help although part of it has to pass. So these are the stocks wherein one get opportunities to buy in markets like these."At 11:07 hrs Ratnamani Metals and Tubes was quoting at Rs 570, down Rs 11.60, or 1.99 percent. It has touched an intraday high of Rs 600 and an intraday low of Rs 570.