{"id":81731,"date":"2023-01-06T12:35:00","date_gmt":"2023-01-06T07:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=81731"},"modified":"2023-01-06T12:30:36","modified_gmt":"2023-01-06T07:00:36","slug":"multibagger-stock-hits-10-upper-circuit-on-record-date-of-bonus-issue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-hits-10-upper-circuit-on-record-date-of-bonus-issue\/","title":{"rendered":"Multibagger stock hits 10% upper circuit on record date\u00a0of bonus issue"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-741754404\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of <a href=\"https:\/\/portal.tradebrains.in\/stock\/RAMASTEEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Rama Steel Tubes Limited<\/strong><\/a> hit an upper circuit of 10 percent at Rs 38.15 levels in the early hours of Friday. They rallied on the record date for the bonus issue approved by the board of directors earlier.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1515492537\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company approved a bonus issue of shares in the ratio of 4:1 which means that. 4 bonus equity shares will be issued for every 1 equity share. The record date fixed by the company was Friday, January 6th, 2023.&nbsp;<\/p><p>Rama Steel Tubes is primarily involved in the manufacturing and trade of steel tubes &amp; pipes &amp; galvanized iron pipes in India as well as in the world. The company focuses on business growth opportunities from government programs like housing for all, affordable housing, smart cities, the national highway development program, and the Swachh Bharat mission among others.&nbsp;<\/p><p>In a year the stock has delivered a multibagger return of 139 percent as the share price has risen from Rs 16.48 apiece in January 2022 up to the current levels. In the span of three years, the stock has delivered a whopping 1,962 percent return.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3822945734\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It registered its ever-highest sales volume of 53,21.6 tonnes in the December quarter. The sales volume for 9 months of FY23 stood came in at 1,31,824 tonnes compared with 71,071 tonnes last year.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2843215286\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Rama Steel Tubes Limited hit an upper circuit of 10 percent at Rs 38.15 levels in the early hours of Friday. They rallied on the record date for the bonus issue approved by the board of directors earlier.\u00a0 The company approved a bonus issue of shares in the ratio of 4:1 which [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3464,2660,3872,3913,3912,2838,3771,2843,2659,4187,3973,5425,948,936,3153,3157,2597,2599],"class_list":["post-81731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-returns","tag-multibagger-stock","tag-multibagger-stock-india","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-2022","tag-multibagger-stocks-india","tag-multibaggers","tag-steel-sector","tag-steel-stock","tag-steel-stock-2023","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-stocks-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock hits 10% upper circuit on record date\u00a0of bonus issue - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company approved a bonus issue of shares in the ratio of 4:1 which means that. 4 bonus equity shares will be issued for every 1 equity share. 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