11:4 Bonus, 1:10 Stock Split: SME Stock Declares New Record Date, Hits New 52-Week High

Rhetan TMT Ltd has finally declared record date for 11:4 bonus shares and 1:10 stock split. Earlier, the company postponed the announcement of record date on January 27, 2023. Soon after the company declared new record date today, the stock of the company hit its new 52-week high. The stock also traded its new 52-week high on February 21, 2022. Check details below:

1. Rhetan TMT Fixes Record Date For Stock Split And Bonus Issue

According to the BSE filing of the company, "In continuation to our communication dated 27th January, 2023, informing the postponement of Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled to Stock Split/ Sub-Division of Equity Shares & Bonus, we would like to inform you that we have received the in principle approval for issue and allotment of bonus, from the stock exchange i.e. BSE Limited. You are further requested to take a note that Friday, 10th March, 2023, has been fixed as the new Record Date for the purpose of ascertaining the eligibility of the shareholders entitled to Stock Split/ Sub-Division of Equity Shares & Bonus."

2. Rhetan TMT Stock Performance

The current market price of the stock is Rs 470.00 apiece with intraday gain of 0.21%. The stock's 52-week high is Rs 484.00 apiece and 52-week low is Rs 50.60 apiece, respectively. The company has a market capitalisation of Rs 998.75 crore. The stock gave a return of 606% in last 6-months and 143% in last 3-months.

3. Rhetan TMT About

The company was incorporated in 1984. It is engaged in the manufacturing of TMT Bars and Round Bars. These are used in the construction industry. Rhetan TMT's products have been used in the construction of dams, bridges, residential and commercial towers, and major infrastructure projects in Gujarat.

Disclaimer

The stock gives details about record date for bonus issue and stock split. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.