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Rajratan Global Wire touches roof on signing MoU with Government of Tamil Nadu

22 Jul 2021 Evaluate

Rajratan Global Wire is locked its upper circuit at Rs. 1764.95, up by 84.00 points or 5.00% from its previous closing of Rs. 1680.95 on the BSE.

The scrip opened at Rs. 1721.55 and has touched a high and low of Rs. 1764.95 and Rs. 1721.55 respectively. So far 1997 shares were traded on the counter.

The BSE group 'T ' stock of face value Rs. 10 has touched a 52 week high of Rs. 1847.95 on 01-Jul-2021 and a 52 week low of Rs. 235.00 on 31-Jul-2020.

Last one week high and low of the scrip stood at Rs. 1741.65 and Rs. 1620.05 respectively. The current market cap of the company is Rs. 1792.17 crore.

The promoters holding in the company stood at 65.00 % while Institutions and Non-Institutions held 9.23 % and 25.77 % respectively.

Rajratan Global Wire has signed a memorandum of understanding (MoU) with the Government of Tamil Nadu for setting up a new manufacturing facility for Tyre Bead Wire in the state.

Rajratan Global Wire is one of the leading manufacturers of high carbon steel wire in India specializing in automotive tyre bead wire, high quality spring & rope wires.

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