Stock Split Next Week: Metals Stock Rallies 325% In 90-Days, Shares Hit 5th Upper Circuit

Rajasthan Tube Manufacturing Co Ltd shares have been maintaining strong upward rally for the last 3-months. The scrip surged 325.55% in last 3-months when Sensex declined 2.12% during this span. The stock The stock hit 5^th upper circuit and 52-week high on February 14. The company has a market capitalisation of Rs 61.71 crore and return on equity stood at -8.50%. The company never recommended any bonus share and dividend since January 1, 2000. It is likely to announce its maiden stock split on February 17, 2025.

Rajasthan Tube Manufacturing To Consider Stock Split Tomorrow

According to the BSE filing of Rajasthan Tube Manufacturing dated Feb 11, 2025, “this is to inform you that the meeting of the Board of Directors of the company is scheduled to be held on Monday, Feb 17, 2025 to consider and approve split of the face value of the equity shares of the company in such a manner as may be determined by the Board of Directors and subject to approval as may be required.”

Rajasthan Tube Manufacturing Shares Performance

The 52-week high price of Rajasthan Tube Manufacturing shares on BSE stood at Rs 141.25 per share (as on 14/02/2025) and 52-week low price is Rs 26.00 per share (as on 05/06/2024), respectively. Rajasthan Tube Manufacturing shares gained 351.37% in last 6-months, soared 251.03% in last 1-year, and rallied 742.46% in last 2-years. The stock rallied 671.2% in last 3-years and zoomed over 900% in last 5-years.

Rajasthan Tube Manufacturing Shares Rallied When Sensex Witnessed Decline

The stock defied the bearish momentum that currently plagued the D-street. It gained over 351% in last 6-months when Sensex plunged 4.00%. The current selling in the domestic equity markets caused a huge dent to the portfolio of investors. The market sentiments are currently subdued as a result of excessive selling by foreign institutional investors or FIIs and sluggish quarterly earning reports by several companies. Meanwhile, the ongoing tariff war, surge in dollar, and US bond yields triggered sharp decline in domestic equities.

According to latest report, Foreign Portfolio Investors or FPIs emerged as the net sellers of Indian equities as they nearly sold shares approximately Rs 21,272 crore till now in just February. In 2025 so far, FPIs reportedly offloaded shares approximately Rs 99,299 crore.

According to BNP Paribas Exane, “The strong performance of mid and small caps since January 2023 has increased their valuation premiums over Nifty 50. Both mid and small caps are currently trading at rich valuations compared with their respective long-term averages.

Rajasthan Tube Manufacturing Technicals

Its score is 76.63 indicating the stock is technically strong. On the other hand, RSI is 88.2, RSI above 80 is considered to be strongly overbought. It indicates the stock may show pullback, according to Trendlyne.

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