Despite weakness in the secondary market for the last two sessions, Rama Steel Tubes shares have hit 5 per cent upper circuit. The metal stock has been hitting the upper circuit for the previous eight straight sessions, lugging around a 75 per cent rise from its December 27, 2021 close of Rs 234.35 apiece levels on NSE. The NSE-listed Rama Steel Tubes share price today opened with an upside gap of Rs 7.40 per share and went on to hit an intraday high of 412.10, leaving no seller for the stock in the secondary market.

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The metal stock tossed as one of the multi-bagger stocks for 2022 in the Indian stock market, has been in ‘uptrend’ after Brickwork Ratings (BWR) upgraded the company’s rating to BWR BBB with a Stable outlook for the long term and BWR A3+ for short term making bank loan facility for the company easier.