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Multibagger Steel Manufacturer Offering 4:1 Bonus Share, Stock Up 149% In 6 Months
Rama Steel Tubes today announced a 4:1 bonus share. It is a small-cap stock with Rs. 1,603 crore market capitalization. Its share price has surged by 3.19% in the last 5 days. The stock hit a fresh 52-week high price today.
Rama Steel Tubes today informed the stock exchanges about the "lssue of 4 (Four) bonus equity shares for every 1 (one) fully paid-up equity share. The company also announced, "increase in Authorised Share Capital from Rs. 11,50,00,000 (Eleven Crore Fifty Lakh) to Rs. 55,00,00,000 (Fifty-Five Crore)."
Stock performance
The share price of the company closed at Rs. 175.90 a piece on NSE, on November 18. Its share price had gained by 6.09% in the last 5 days ahead of the bonus announcement. The stock has surged by 36.46% in the past 1 month, and gained by 149.15% in the last 6 months. Additionally, in the last 1 year, the stock has given a 268.53% return to its shareholders. The 52-week high level of this stock is Rs. 181.60, and the 52-week low level of this stock is Rs. 41.04.
Rama Steel Tubes Ltd. was incorporated in the year 1974 in Delhi. The company has a 46 years of vast experience in the industry of Steel Pipes and Tubes.
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock-related information about the companies.
