GENERAL28 Sept 2026
Unmoved by stock market crash! Small-cap stock under ₹50 hits 5% upper circuit after this MoU worth ₹300 crore | Stock Market News
Rhetan TMT shares rose 4.94% to ₹15.93 on September 28, hitting upper circuit even as the Sensex fell 1.52%. The Gujarat company signed a memorandum of understanding (MoU) with Bajaj Tubular for about 20,000 MT of TMT bars over 24 months. Management sees ₹250-300 crore potential. The MoU is an intention, so actual orders depend on future purchase orders. Check the company's filings before acting on it.
Key Statutory Highlights
- Rhetan TMT shares ended 4.94% higher at ₹15.93 on BSE on Monday, September 28, even as the Sensex closed 1.52% lower.
- The company signed an MoU with Bajaj Tubular Products for roughly 20,000 MT of TMT bars over a 24-month period, with management estimating ₹250-300 crore potential.
- The company said the quantity is indicative and is expected to be met through individual purchase orders based on Bajaj Tubular Products' actual business and project requirements.
Actionable Advice for Taxpayers / Founders:If you hold or are considering this stock, treat the MoU as a stated intention rather than a confirmed order. Check the company's BSE filings and any actual purchase orders before taking an investment decision.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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