Rama Steel Tubes’ stock price surged 16.65% to Rs 16.18 on the National Stock Exchange (NSE) today at 10:36 a.m. continuing its upward momentum from the previous trading session.
During the trading day, the stock showed significant momentum. It opened at ₹14.74 and reached an intraday high of ₹16.50 and a low of ₹14.44.
The company has generated returns of 330% during the last three years, and over the last five years, it has increased by an astounding 1,715%, establishing it as a a true multibagger.
Rama Steel Tubes, a leading manufacturer of steel products such as Hot Rolled Coil, G.I Pipes, and Hollow Sections, is solidifying its position in both the renewable energy and defence sectors, setting up for long-term expansion.