Only buyers in this multibagger post stock split! Do you own it?
The shares of Rama Steel Tubes have soared 72 per cent in the past six months while in just one year, it has given fantastic returns of over 140 per cent to the shareholders!
The shares of Rama Steel Tubes are seen soaring on the bourses, having risen by more than 37 per cent in just one month, greatly outpacing the near-term optimistic market performance. During Thursday's trading session, its shares rallied and got locked in the 5 per cent upper circuit, about four times the volume. The price volume breakout in this high-quality stock has piqued investors’ interests.
The shares of Rama Steel Tubes have soared 72 per cent in the past six months while in just one year, it has given fantastic returns of over 140 per cent to the shareholders!
One of the factors contributing to the stock's rise is the fact that it began trading ex-split today, a day before the record date for the division of equity shares. The face value of the company's shares will be adjusted from Rs 5 to Re 1.
Recently, the company has received orders from Jal Shakti Vibhag (Himachal Pradesh) of Rs 7 crore in addition to the previous orders worth Rs 26.4 crore, aggregating to the tune of Rs 33.4 crore.
Incorporated in 1974, Rama Steel Tubes is among India's top producers of steel pipes & tubes, rigid PVC pipes, and square section products.
Keep a close eye on this scrip for the upcoming sessions!