Bonus Stock Hits 10% Upper Circuit, Soars 2162% In Last 3-Years

Shares of Rama Steel Ltd has witnessed a sharp surge in the last few years. The stock turned ex-bonus on January 6, 2022 for 4:1 bonus issue. It implied that shareholders received 4 bonus shares for every 1 share held.

The board of directors of the company had given approval to sub-division of equity shares of the company from face value of Rs 5 each to face value of Re 1 each on August 25, 2022. The stock has given multibagger returns in last few years and increased investors wealth. Check key details below:

1. Rama Steel Stock Performance

The stock hit 10% upper circuit intraday on January 6, 2022 at Rs 38.15 apiece as it was also the ex-bonus date. The last trading price of the stock is Rs 38 apiece with 52-week high at Rs 38.15 and 52-week low at Rs 11.76 apiece, respectively. It has a market capitalisation of Rs 1740 crore.

2. Rama Steel Return

The stock has given multibagger returns over the years. The maximum return that the stock has given remains at 2162% in last 3-years. The stock has soared 265% in last 5-years. In last 1-year, it has delivered return of 131% and 142% in last 6-months. The stock has given 74% in last 3-months. In 1-week, the return is 14%.

3. Rama Steel Financial Outlook

The company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 350 crore, up 43% from previous quarter total income of Rs 243 crore. It has announced its net profit after tax at Rs 4.63 crore in the latest quarter.

4. About Rama Steel

About Rama Steel Tubes: Rama Steel Tubes Limited was incorporated on February 26 1974 having its registered office in New Delhi. It is engaged into the business of manufacturing steel pipes and tubes G.I. Pipes in India and related products. In the last decade, it has also entered into the international markets with exports of galvanized pipes

Disclaimer

The bonus stock gives details of multibagger returns over the years. 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.