Rama Steel freezes at 10% upper limit as stock turns ex-date for 4:1 bonus

Shares of Rama Steel Tubes were locked at the 10 per cent upper circuit at Rs 38.15 on the BSE at 09:39 AM, as the stock turned ex-date for bonus issue in the ratio of 4:1 i.e. 4 bonus shares for every 1 share held on the record date.

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.

A combined 222,000 shares changed hands and there are pending buy orders for 2.36 million shares on