Rama Steel at new high

Rama Steel Tubes, which closed yesterday at Rs.34.70, opened itself today at its 10% UC of the day at Rs.38.15 and a new 52-week high, where it now says frozen.

The stock hit the roof as it turned ex-bonus today – the ratio is 4 new shares for every one held. Today is the record date for ascertaining the eligibility of shareholders entitled for issuance of bonus shares.

In 2022, the company had approved sub-division of equity shares of the company from face value of Rs 5 each to face value Re 1 each.