stock market today Despite weakness in the secondary market for the past two sessions, Rama Steel Tubes shares have hit an upper circuit of 5 per cent. In fact, the metal stock has been hitting the upper circuit for the past 8 straight sessions, reaching a close of 75 percent as of December 27, 2021. 234.35 each level on NSE. Share price of Rama Steel Tubes listed on NSE opened with today’s upper margin 7.40 per share and moved to an intraday high of 412.10, leaving no sellers for the stock in the secondary market.
The reason behind the rise in the share price of Rama Steel
The metal stock tossed as one of the multibagger stocks for 2022 in the Indian stock market after Brickwork Ratings (BWR) upgraded the company’s rating to BWR BBB, with a stable outlook for long term and short term making of the bank. For this BWR has been in an ‘uptrend’ after A3+. Loan facility more easy for the company.
Rama Steel Tubes share price history
The share price of Rama Steel Tubes Limited or RTSL was closed at 234.35 on 27 December 2021 and it is hitting the upper circuit from 28 December 2021. Over the last 8 trading sessions, the share price has increased from 234.35 At the level of 412.10, a growth of about 75 per cent was registered during this period. In the last 6 months, this potential multibagger stock for 2022 has increased from approx. from 155 412.10, appreciating around 165 per cent, while in the past one year, this multibagger stock has gained momentum. from 61.20 412.10 levels, an increase of about 575 percent over the period.
impact on investment
Taking cues from RTSL share price history, if an investor had invested By buying one share in this metal stock for 1 lakh on 27th December 2021 234.35 levels, its would have turned into 1 lakh 1.75 lakh today. If an investor had invested 1 lakh in this multibagger stock 6 months ago, its would have turned into 1 lakh 2.65 lakhs today when it would have been 6.75 lakh in a year.
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