RattanIndia Enterprises shares jumped more than 7% in intraday trade on Tuesday, defying the broader market weakness, as investors piled in on heavy volumes. The shares were up 7.57% at ₹56.82 apiece around 11.53 am. It has declined 12.31% this year, so far.
The stock opened at ₹52.97 against the previous close of ₹52.82 and quickly gained momentum, touching an intraday high of ₹57.85. On the downside, it hit the day’s low at ₹52.35. Trading volumes remained robust, with more than 3.5 crore shares changing hands as of 11:52 AM, reflecting strong investor interest.
With this rally, the stock moved further away from its 52-week low of ₹37.42, though it still trades below its 52-week peak of ₹84.70.
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