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Gravita India to acquire Rashtriya Metal for ₹565 crore

pre-market1 source ↓written by the desknot a recommendation

of Rashtriya Metal
100%
total consideration
₹565 crore
for FY24-25
₹910 crore

Gravita India Ltd announced a binding term sheet to acquire up to 100% of Rashtriya Metal Industries Ltd for a total consideration of ₹565 crore. This acquisition, pending due diligence, will enhance Gravita's portfolio in the copper manufacturing sector, which reported a turnover of ₹910 crore for FY24-25.

The deal may strengthen Gravita's market position and expand its operational capabilities in the copper alloy segment, potentially impacting trading sentiment in the metals sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 10 Feb 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

GRAVITA closed +1.6% on the day of the news, from ₹1,674.30 to ₹1,701.00; Nifty +0.3% over the same session.

Bulletin at 07:03 IST on 10 Feb 2026. Every change is measured from ₹1,674.30, the last close before it, on 9 Feb. Nifty 50 is measured over the same sessions.

  • GRAVITA close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
GRAVITA closes around the bulletin against the close before the news, with Nifty 50 rebased to it145916741889axis spans 29%before the news · 9 Feb1674Nifty 50GRAVITAbulletinD0+1+3+53 Feb13 Feb24 FebReference close ₹1,674.30. 16 sessions from 3 Feb to 24 Feb; the price axis spans 29 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before9 Feb₹1,674.30basebase
On the day10 Feb₹1,701.00▲ +1.6%▲ +0.3%+1.3 pp difference
+1 session11 Feb₹1,692.20▲ +1.1%▲ +0.3%+0.7 pp difference
+3 sessions13 Feb₹1,653.60▼ −1.2%▼ −1.5%+0.3 pp difference
+5 sessions17 Feb₹1,653.10▼ −1.3%▼ −0.6%−0.7 pp difference
Gap at the open, % · ₹
▲ +3.6%+60.78 on 10 Feb
Day's range, % · ₹
5.1%≈ 86 high to low
Volume on the day
2.10×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · GRAVITA on the desk →

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