Rohit Ferro Tech soars
STOCK IN THE NEWS
The stock appreciated 14.85 per cent from Rs 146.50 to Rs 168.25 and reported a 121 per cent jump in trading volumes last week. A total of 48.52 lakh equity shares changed hands on the bourses during the week compared to 21.91 lakh shares in the previous week.
The company will acquire PT Palopo Indah Raya having reserves of 20 million MT and PT Baja Prima Mandiri with reserves of 5 million MT. Both these companies have mining concessions along with exploration, exploitation and marketing & transportation licenses.