Metal Stock Doubles Investors Wealth In 6-Months: Record Date For Bonus Issue Fixed

Small cap stock, Rama Steel Tubes Ltd has fixed record date for bonus issue. The record date is falling next year in January i.e. January 6, 2023. The stock has given multibagger returns in just 6 months thus doubling investors wealth. The stock has rallied 112% in 6-months. Check key takeaways below:

1. Rama Steel Tubes Sets Record Date For Bonus Issue

The board of directors of the company said in the BSE filing, "We wish to inform that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, the Board of Directors have fixed Friday, January 06,2023, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Shares."

2. Rama Steel Tubes Stock Performance

The last trading price of the stock is Rs 163 apiece with an intraday gain of 2.73%. The stock's 52-week high is Rs 184 apiece and 52-week low is Rs 45 apiece, respectively. The company has a market capitalisation of Rs 1442 crore.

3. Rama Steel Tubes Return

The stock has given return of 57% in last 3-months, 248% in last 1-year, 248% in last 1-year, and 1696% in last 3-years. In last 5-years, the shares of the company have surged 286%.

4. About Rama Steel Tubes

Rama Steel Tubes Limited came into existence on February 26 1974 having its registered office in New Delhi. It is engaged into the business of manufacturing steel pipes and tubes G.I. Pipes in India and related products.

Disclaimer

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