Special Dividend: Multibagger Metal Sector Stock Sets Record Date, Shares Zoom 6%

Small cap stock operating in metal and ferrous sector, Ram Ratna Wires Ltd today witnessed a rally of nearly 5% after the company fixed November 17, 2023 as the record date for special dividend, if approved. The board of directors will hold a meeting on November 7, 2023 to consider and approve Financial Results for the quarter and half year ended on 30th September, 2023; and declaration of special dividend. Last trading price of Ram Ratna Wires share price is Rs 257.80 per share with intraday gain of 6.64%. Ram Ratna Wires shares gained 294% in last 2-years.

Board of Ram Ratna Wires To Hold Meet On Nov 7 For Q2 Results, Special Dividend: As per the BSE filing of the company dated October 27, 2023, "meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 7th November, 2023 inter alia, to consider, approve and take on record the following:

a) Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended on 30th September, 2023; and

b) Declaration of Special Interim Dividend, if any, on the equity shares for the financial year 2023-24. If approved, the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend shall be Friday, 17th November, 2023."

Ram Ratna Wires Stock Performance & Return: Current market price of Ram Ratna Wires share on BSE is Rs 257.80 apiece with intraday gain of 6.64%. Its 52-week high price is Rs 345.70 per share and 52-week low price is Rs 147.50 per share, respectively. The company's market capitalisation is Rs 1134.32 crore. Ram Ratna Wires shares fell 18% in last 3-months, gained 52% YTD, soared 27% in last 1-year, and offered return of 626% in last 3-years only. In last 10-years, Ram Ratna Wires shares zoomed 2610%.

Ram Ratna Wires About: Ram Ratna Wires Ltd (RR Shramik) is a part of RR Global which is one of the leading conglomerates in the electrical & copper industry. The group's business sectors encompass manufacturing a wide range products for residential, commercial, industrial & infrastructure purposes. RR Shamik is the 2nd largest manufacturer of super enameled copper winding wires in India.

Over 25 years, RR Shramik has been enjoying unflinching patronage of its valued customers and is an established name in the Indian Electrical Industries for its quality & consistency. RR Shramik offers a range of high quality winding wires, high quality Paper Covered Strips, Enamelled aluminum Wire, Copper strips, Superfine winding wires, Submersible Winding Wires & Flat cables, according to its official website.

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