The shares of Rama Steel Tubes have soared 72 per cent in the past six months while in just one year, it has given fantastic returns of over 140 per cent to the shareholders!  

At the time of the closing bell on Thursday, the markets eroded the day’s gains, ahead of the monthly expiry, dragged by IT, FMCG, and pharma stocks.  

 At day end, Sensex closed at 58,774.72, losing 310.71 points or 0.53 per cent whereas Nifty 50 was at 17,522.45, down by 82.50 points or 0.47 per cent.  

The barometer index, S&P BSE Sensex fell 334 points or 0.57 per cent to the 58,752.32 mark.

Indices were on a free fall in the last half an hour as Nifty collapsed over 200 points to close at 17,505.

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The company's prospect is positive due to its role as a strategic partner for DRDO and its participation in every significant launch of an Indian satellite since 2008.   

The company is a constituent of the S&P BSE SmallCap index. 

 At 11.30 am on Thursday, the headline equity indices, i.e. Sensex and Nifty 50 were seen trading higher as the global indices seemed to be cautious about Fed Chairman’s comments about inflation at Jackson Hole Annual Meet, scheduled to take place on Friday.  

In FY21, despite the impact of Covid-19, the company's total revenue increased by about 10 per cent, with sales of Rs 1788 crore compared to Rs 1633.41 crore in FY20. This shows the resilience of the business. 

Sensex soared 304 points and was trading at 59,389 at 10.40 am. The mid-cap index too rose 193 points at 25,163 levels.