Venus Pipes & Tubes Enters Fittings Market

"Venus Pipes & Tubes Ltd experienced an over 8 percent increase in its shares on February 29. This surge followed the stainless steel manufacturer’s expansion into the fittings business and the enhancement of its capacity for pipes and tubes.

The stock reached a peak of Rs 1,875, marking an 8 percent intraday gain. At 9:50 am, it was trading at Rs 1,865 on the BSE, showing a 7.3 percent increase from the previous close. In comparison, the benchmark Sensex saw a 0.07 percent rise to reach 72,356 points.

Fittings are crucial components in industrial piping, facilitating fluid or gas connection, redirection, and control. The company’s venture into this sector aims to bolster its position in the industrial business."