Venus Pipes hits new high, up 47% in two weeks on getting BIS certification

When compared with its issue price of Rs 326 per cent, the stock has gained a massive 80 per cent in less than four months post listing.

Shares of Venus Pipes & Tubes hit a new high of Rs 586.65 on the BSE, as the stock rallied 11 per cent in Tuesday’s intra-day trade on healthy business outlook. In the past two weeks, the stock has rallied 47 per cent as the company on September 10, 2022 said that it has become the first Indian company to receive Bureau of Indian Standards (BIS) approval for stainless steel seamless and welded pipes and tubes.

The stock of iron & steel products company is now trading at its highest level since its listing on May 24, 2022. The