The small company Rama Steel Tubes is once again doing something nice for its investors. They have decided to give bonus shares as a gift.
This means that for every share you have, they will give you 2 more shares for free.
This is the third time in the last 7 years that Rama Steel Tubes is doing this for its investors. They haven’t said yet when exactly they will give these bonus shares.
Rama Steel Tubes is a company that works with iron and iron products. They have done this bonus share thing two times before, once in January 2023 and another time in March 2026.
In those times, they gave 4 bonus shares for every share you had. Also, in March 2016, they split their shares, changing one share of Rs 10 into two shares of Rs 5 each.
The value of Rama Steel Tubes shares has gone up a lot. In less than 4 years, the shares went from Rs 1.03 on May 13, 2020, to Rs 46.20 on January 24, 2024.
That’s an increase of 4385%! In the last 3 years alone, the shares went up by 1371%. On January 22, 2021, the shares were at Rs 3.14, and now they are at Rs 46.20.
The highest they reached in the last year is Rs 50.50, and the lowest is Rs 26.10.
