The share price of Rama Steel Tubes jumped dramatically on the National Stock Exchange (NSE) today, reaching 11% to Rs 12.83 at 9:52 AM.
The share price increased after Rama Steel Tubes Limited (RSTL) and Onix Renewable Ltd. announced a strategic partnership. The partnership will use RAMA Steel Tubes Ltd’s experience in steel structures and single-axis trackers, with a future focus on dual-axis trackers for Onix Renewable Ltd’s solar projects.
The stock demonstrated strong momentum throughout the trading session, opening at ₹11.89 and reaching an intraday high of ₹13.00. The shared reached its low at ₹11.84.