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Rasi Electrodes soars on diversifying into development of wire drawing business

01 Jul 2015 Evaluate

Rasi Electrodes is currently trading at Rs 13.80, up by 0.36 points or 2.68% from its previous closing of Rs 13.44 on the BSE.

The scrip opened at Rs. 13.80 and has touched a high and low of Rs. 13.80 and Rs. 12.50 respectively. So far 3177 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 20.58 on 15-Jan-2015 and a 52 week low of Rs. 9.11 on 14-Jul-2014.

Last one week high and low of the scrip stood at Rs. 16.40 and Rs. 12.01 respectively. The current market cap of the company is Rs. 41.86 crore.

The promoters holding in the company stood at 27.75% while Non-Institutions held 72.25%.

Rasi Electrodes has successfully diversified into development of wire drawing business for various industrial applications. Further, the company has completed the supply of the first trial order for 20 tons of wire drawn in its plant and successfully completed the requisite trials and tests carried by clients in their floor shops.

The company has taken up the expansion plan in wire drawing facilities and has decided to import a dedicated plant from Henan Xigong Mechanical & Electronical Equipment Company Limited, Zhengzhou, China.

Rasi Electrodes is a specialist in manufacturing quality welding electrodes catering to the requirements of diverse Heavy Engineering and Light Engineering industries.

Rasi Electrodes Share Price

14.29 0.31 (2.22%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Graphite India 679.20
HEG 632.55
Esab india 5722.85
Ador Welding 1006.40
GEE 68.04
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