Stay updated with breaking news from Global Wire. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Rajratan Global Wire: The shares, which were valued at ₹156.70 apiece three years ago, are now trading at ₹638, resulting in a massive gain of 308%.
A short build-up was seen in 61 stocks, including HDFC Bank, Reliance Industries, Hero MotoCorp, Berger Paints, and Vedanta. An increase in OI along with a fall in price points to a build-up of short positions
If someone had invested about Rs 10,000 in stock a decade ago, the investment could have swelled to over Rs 9 lakh, according to an analysis by ETMarkets. The shares have delivered solid returns in the last three years too with a 1500% rise.
Multibagger stock: Rajratan Global Wire shares, which closed at Rs 44.2 on June 19, 2020, rose to Rs 880.15 on the BSE on June 20, 2023. Market cap of the firm climbed to Rs 4382.81 crore on BSE.
Auto ancillary stocks are a perfect proxy play on the revival of the automobile sector.