Ram Ratna Wires Limited witnessed a notable 4% rise in its stock price following its selection for the third round of the Production Linked Incentive (PLI) Scheme for white goods, which includes air conditioners (ACs) and LED lights. As part of the initiative, the company has committed an investment of ₹250 crore within the total ₹3,516 crore allocated for the scheme.
The announcement by the Ministry of Commerce & Industry revealed that 24 companies were selected for this round of the PLI scheme, aimed at promoting domestic manufacturing. Ram Ratna Wires, a well-known manufacturer of copper tubes and aluminum stock for heat exchangers, is poised to capitalize on this government-backed incentive program designed to foster growth in the white goods sector.
Ram Ratna Wires shares opened at ₹558.85, reaching a high of ₹580.00 and a low of ₹550.40 during the trading session. The stock’s 52-week high is ₹757.80, while the 52-week low stands at ₹245.70.
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