Rama Steel Tubes Share Price Soars: Penny Stock Under ₹15 Hits 20% Upper Circuit, Surges 32% in Two Days
Rama Steel Tubes Shares
a leading manufacturer of branded steel products in India has been making waves in the stock market recently. Their shares have continued their bullish trend for the second consecutive trading session, hitting the 20% upper circuit limit today. This follows a 10% increase in the previous session, resulting in a total gain of 32% over the past two days.
But what’s driving this surge? Well, on Tuesday, Rama Steel Tubes made an exciting announcement: they have formed a wholly-owned subsidiary called Rama Defence Private Limited. This new entity is set to focus on the defence sector, engaging in activities such as trading, importing, exporting, manufacturing, assembling, and supplying defence equipment.
The incorporation of Rama Defence Private Limited is a significant move for Rama Steel Tubes. It opens up opportunities in a critical industry and positions them to contribute to India’s defence capabilities. The company aims to leverage its expertise and experience to deliver top-quality solutions for the defence sector. With this strategic step, Rama Steel Tubes is not only expanding its business but also contributing to national security and growth.
In addition to their defence venture, Rama Steel Tubes has also made headlines with their collaboration with Onix Renewable for green and renewable energy solutions. This strategic partnership further demonstrates their commitment to innovation and sustainability.
As investors keep an eye on this penny stock under ₹15, it’s clear that Rama Steel Tubes is making strategic moves that could shape its future trajectory. Whether it’s defence or renewable energy, this small-cap stock is certainly making big waves in the market! 🚀
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