1995 per cent multibagger returns; Board announces 10:1 Stock Split; Hit Consecutive 10 Upper Circuits
The stock is up by 873 per cent from its 52-week low of Rs 26 per share and a whopping 1,995 per cent in 5 years.
On Wednesday, shares of Rajasthan Tube Manufacturing Company Ltd were locked in a 2 per cent upper circuit to Rs 252.90 per share from its previous closing of Rs 248 per share. The stock also made a new 52-week high of Rs 252.95 per share while its 52-week low is Rs 26 per share. The stock has been hitting consecutive 10 upper circuits.
Rajasthan Tube Manufacturing Company Ltd informed the earlier intimation dated April 03, 2025, that the Record Date to determine the entitlement of equity shareholders for the sub-division/stock split of the face value of the company's existing equity shares (from one equity share having a face value of Rs 10 each into ten equity shares) is fixed as Thursday, May 08, 2025; the Scrip Code for BSE is 530253, and the security type is Equity.
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Rajasthan Tube Manufacturing Co Ltd, established in 1985, operates in the manufacturing and trading of Black and Galvanized Electric Resistance Welded (ERW) steel tubes and pipes, along with steel square tubes and hot-rolled steel sheets. The company's product portfolio serves various applications, including water, gas, and sewage conveyance, structural purposes, idlers and conveyors, and water wells (casing pipes). With a manufacturing facility located in Jaipur, Rajasthan, the company possesses an annual production capacity of 45,000 metric tons per annum (MTPA).
The company has a market cap of Rs 114 crore. The stock is up by 873 per cent from its 52-week low of Rs 26 per share and a whopping 1,995 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.