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RSR Mohota Spinning hits 52-week high; stock zooms 53% in one month

In past four months, it zoomed 246% from Rs 74 against a marginal 0.42% gain in Sensex.

RSR Mohota Spinning hits 52-week high; stock zooms 53% in one month
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SI Reporter Mumbai
Rai Saheb Reckhchand (RSR) Mohota Spinning & Weaving Mills hit a fresh 52-week high of Rs 256, up 5% on BSE, extending its past one-month rally after the company said it has taken various initiatives including expansion plans.

In the last one month, the stock soared 53% from Rs 167, as compared to 2% decline in the S&P BSE Sensex. In four months, it zoomed 246% from Rs 74 against a marginal 0.42% gain in the benchmark index.

Vinodkumar Mohota, Chairman, RSR in a speech said that the company has undertaken ambitious and far reaching long-term wealth creating