Rama Steel Tubes

The rise in Rama Steel Tubes came after the company announced that it has inked a partnership with Onix Renewable.

Here are 10 penny stocks, trading in the range of Rs 6 - Rs 20, with a potential upside of up to 75%, based on the existing technical chart patterns.

The board of directors of the company had fixed Friday, January 6, 2023, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares.

In the past three months, the stock rallied 75 per cent, as against 8 per cent rise in the S&P BSE Sensex

The company allotted 1,625,000 convertible warrants at an issue price of Rs 112.50 each to Shankar Shashi Sharma on preferential basis

On December 20, Brickwork Ratings [BWR) had upgraded the long-term rating to BWR BBB with a Stable outlook and short-term rating to BWR A3+ for the bank loan facilities of RSTL

Operating currently from two locations, Rama Steel Tubes has a total production capacity of 99,000 tonnes