Rolex Rings rallies 11%, hits record high on strong demand outlook

Rolex Rings said the company is witnessing a strong demand pull across domestic as well as export markets, especially in industrial rings and automotive exports.

Shares of Rolex Rings rallied 11 per cent to Rs 1,477 on the BSE in Wednesday’s subdued trade on the back of strong demand outlook.

The stock of the auto components & equipments maker was trading at its highest level since listing on August 9, 2021. With today’s rally, the stock is currently trading 64 per cent higher from its issue price of Rs 900 per share.

At 01:06 pm; Rolex Rings was up 7 per cent at Rs 1,430, as compared to the flat Sensex benchmark. 

Rolex Rings is a manufacturer and supplier of hot rolled