Rajratan Global Wires soars over 6% on approval to increase installed capacity of Thailand subsidiary

The company ended 6.41% higher at Rs498.10 per piece on the BSE, on Thursday.

Jan 21, 2021 04:01 IST India Infoline News Service

Rajratan Global Wires Limited stocks soared during Thursday's trading session.

After touching a 52 week high of Rs525 apiece on the BSE, the company shed early gains and still settled in the green.

On the BSE, the company ended the day 6.41% higher at Rs498.10 apiece.

The spike came on a day when the company has announced that it has approved to the decision to increase installed capacity of Rajratan Thailand.

Rajratan Thailand is a wholly owned subsidiary of the company.

Post this move, the installed capacity will go up from 34,800 MT per year to 60,000 MT per year, the company said.

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