Small Cap Stock Surges From Rs 65 To Rs 455 apiece In 4 Months With 600% Return

Small cap stock, Rhetan TMT approved stock split and bonus issue on December 21, 2022. The stock has given strong return to investors in a short span of time. It had approved 11:4 Bonus, 1:10 Stock Split on December 21. The company has a market capitalisation of Rs 966 crore. Check key details below:

1. Rhetan TMT Declared Bonus Issue & Stock Split

Stock Split: "This is to inform you that the Board of Directors of the Company in its meeting held today i.e. on Wednesday, 21st December has considered Alteration in Capital of the Company by Split/Sub-division of 1 (One) Equity Share of the Company having face value of Rs. 10/- each into 10 (Ten) Equity Shares of the Company having face value of Re. 1/- each."

Bonus Issue: "This is to inform you that the Board of Directors of the Company in its meeting held today i.e. on Wednesday, 21st December has considered Issue of 11 (Eleven) Bonus Shares for every 4 (four) Equity Shares held by the Equity Shareholders of the Company as on 'Record Date'. The Bonus Issue of Equity Shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The Company will intimate the 'Record Date' for determining eligible Shareholders entitled to receive bonus shares, in due course of time."

2. Rhetan TMT Rallies From Rs 65 To Rs 455

The stock has surged from Rs 65 to Rs 455 apiece in a span of just 4 months giving investors return of 600% in just 4 months. The stock has surged 44% in just 1-month and 257% in last 3-months. In last 6-months, the stock has given 584% return.

3. Rhetan TMT Stock Performance

The last trading price of the stock is Rs 455 apiece with an intraday gain of over 3%. The stock's 52-week high is Rs 479 apiece and 52-week low is Rs 50 apiece, respectively.

About Rhetan TMT

Incorporated in 1984, Rhetan TMT Limited manufactures TMT Bars and Round Bars which are primarily used in the construction industry. The company's plant is located in Gujarat and is spread over 15,000 sq. yards.

Furthermore, its group companies are engaged in diversified business in the fields of oil and gas exploration, trading of steel, electronic goods, chemicals and information technology services etc.

Disclaimer

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