Stock of this SME iron & steel products' company has zoomed 117% in 1 month

Rhetan TMT hit a new high of Rs 299.05, having rallied 327 per cent against its issue price of Rs 70 per share

Shares of Rhetan TMT, which debuted on the bourses in September 2022, were locked at the 5-per cent upper circuit at Rs 299.05 on BSE on Monday. The stock was locked in the upper circuit for the 10th consecutive trading day. In the past one month, the stock of the company, engaged in iron & steel products business, has zoomed 117 per cent. In comparison, the S&P BSE Sensex was up nearly 3 per cent during the period.

In the past three months, the stock has rallied 350 per cent, as against 6 per cent rise in the benchmark