Unmoved by stock market crash! Small-cap stock under ₹50 hits 5% upper circuit after this MoU worth ₹300 crore
AI Summary
The recent MoU between Rhetan TMT Limited and Bajaj Tubular signifies a strategic move that could enhance Rhetan's revenue stability in a challenging market. Retail investors should note that while the stock has shown a significant uptick following the announcement, it has also experienced considerable volatility over the past year. This partnership may provide a buffer against market fluctuations, but investors should remain cautious given the stock's historical performance and broader market conditions.
Shares of small cap firm, Rhetan TMT Limited ended higher on Monday, September 28. The Iron & Steel products stock hit upper circuit despite weakness in the Indian stock market today. BSE Sensex closed 1.52% lower at 72,771 points.
The rally in Rhetan TMT Limited stock came after the company announced that it has signed an MoU with Bajaj Tubular for around 20,000 MT TMT bars.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 28 September 2026.
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