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MetalsRecyclingHigh impactPre-market

Gravita India acquires Rashtriya Metal for ₹565 crore

pre-market1 source ↓written by the desknot a recommendation

in Rashtriya Metal
100% stake
Industries Ltd
₹565 crore
value
₹800 crore

Gravita India Ltd has signed a binding term sheet to acquire up to 100% stake in Rashtriya Metal Industries Ltd for ₹565 crore. This acquisition, valuing RMIL at an enterprise value of about ₹800 crore, marks Gravita's entry into the copper recycling sector, enhancing its portfolio of recycled products.

The move aims to diversify Gravita's operations into copper and copper alloy products, potentially improving margin quality and competitive positioning in the recycling industry. 📈

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 16 Feb 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

GRAVITA closed +0.6% on the day of the news, from ₹1,653.60 to ₹1,664.20; Nifty +0.8% over the same session.

Bulletin at 07:03 IST on 16 Feb 2026. Every change is measured from ₹1,653.60, the last close before it, on 13 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 it144116541866axis spans 29%before the news · 13 Feb1654Nifty 50GRAVITAbulletinD0+1+3+59 Feb19 Feb2 MarReference close ₹1,653.60. 16 sessions from 9 Feb to 2 Mar; 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 %
Before13 Feb₹1,653.60basebase
On the day16 Feb₹1,664.20▲ +0.6%▲ +0.8%−0.2 pp difference
+1 session17 Feb₹1,653.100.0%▲ +1.0%−1.0 pp difference
+3 sessions19 Feb₹1,632.30▼ −1.3%▼ −0.1%−1.2 pp difference
+5 sessions23 Feb₹1,591.90▼ −3.7%▲ +0.9%−4.7 pp difference
Gap at the open, % · ₹
▼ −0.3%−5.13 on 16 Feb
Day's range, % · ₹
3.4%≈ 56 high to low
Volume on the day
0.39×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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