Rama Steel Tubes trades jubilantly despite weakness over Dalal Street
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Rama Steel Tubes is currently trading at Rs. 16.25, up by 2.35 points or 16.91% from its previous closing of Rs. 13.90 on the BSE.
The scrip opened at Rs. 14.71 and has touched a high and low of Rs. 16.50 and Rs. 14.47 respectively. So far 53127463 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 16.82 on 23-Jan-2024 and a 52 week low of Rs. 9.91 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 16.50 and Rs. 10.37 respectively. The current market cap of the company is Rs. 2513.19 crore.
The promoters holding in the company stood at 56.33%, while Institutions and Non-Institutions held 0.05% and 43.62% respectively.
Rama Steel Tubes (RSTL) has entered into a strategic collaboration with Onix Renewable. This partnership will focus on leveraging the expertise of RAMA Steel Tubes to provide steel structures along with single-axis trackers, and will also focus on dual-axis trackers to be expanded in the future essential for solar projects undertaken by Onix Renewable.
RSTL has expanded its expertise and developed specialised steel structures and tracker tubes which will serve as the backbone for Greenfield Solar Projects. The prospects of this strategic collaboration with Onix Renewable to deliver top-quality solar energy solutions. Together, they will pave the way for a brighter and more sustainable future.
Rama Steel Tubes is a leading player engaged in the manufacturing and trading of Steel Tubes & Pipes and Rigid PVC (Poly Vinyl Chloride) & G.I. (Galvanised Iron) Pipes in India as well as in the world.
