This SME company stock has zoomed 519% in 3 months; declares bonus, split

Rhetan TMT's board has approved stock split from Rs 10 to Re 1 and also approved issue of 11 bonus shares for every 4 equity shares held by the equtiy shareholders as on 'Record Date'.

Shares of Rhetan TMT hit a new high of Rs 469.50, up 4 per cent on the BSE in Thursday’s intra-day trade, bucking the otherwise weak trend in the market, as the company announced a bonus issue-cum-stock split plan. The stock of company, engaged in iron & steel products business, had debuted in September 2022.

At 11:30 AM, the stock was up a per cent at Rs 454. In comparison, the S&P BSE Sensex was down 0.4 per cent at 60,823.

In the past one month, the stock has zoomed 143 per cent, as against 1 per cent