Rajratan Global Wire hits record high; zooms 48% in 2 wks on strong outlook

Rajratan is the sole supplier of bead wire to some of the leading companies in the tyre industry and expects to further improve its market share in the Indian market.

Shares of Rajratan Global Wire hit a record high of Rs 847 as the auto components maker's scrip rallied 16 per cent on the BSE in Thursday’s trade. In the past two weeks, it has zoomed 48 per cent on a strong business outlook. The stock today surpassed its previous high of Rs 799.15 touched on April 29, 2022.

At 10:36 am; the stock erased its intra-day gain and was up 9 per cent at Rs 795, as compared to a 0.77 per cent rise in the S&P BSE Sensex. A combined around 220,000 shares had changed hands on