DSIJ Mindshare

65 stocks have seen their circuit limit being revised from existing 10 per cent to 20 per cent including Bank of India, Rajratan Global Wire, Mangalore Chemicals & Fertilizers, Delhivery. 

In its recent review, 43 securities have been added, while 16 securities have been deleted from The MSCI India Domestic Small Cap Index. 

On May 22, the government imposed an export duty of 15 per cent on a selection of pig iron, flat-rolled products made of iron or non-alloyed steel, bars & rods, and various flat-rolled stainless steel products along with an additional 45 per cent on iron ore pellets, in an effort to rein in input prices and control rogue inflation. In a similar vein, the export tariff on iron ores and concentrates was increased from 30 per cent to 50 per cent

In just one month, the stock has soared 54 per cent and gained more than 76 per cent over the period of six months.

The demand for bead wire is expected to rise even further, driven by the replacement market, exports, and timely capacity expansion; asserts Yashovardhan Chordia, Director, Rajratan Thai Wire Co Ltd. Rajratan Global Wire is based in India as well as Thailand. In Thailand, the company is operating as Rajratan Thai Wire Co Ltd.