Multibagger Penny Stock Under Rs 30 in Green as Company Receives Listing of Equity Shares on NSE

DSIJ Intelligence-1 / 25 Sep 2025/ Categories: Multibaggers, Penny Stocks, Trending

Multibagger Penny Stock Under Rs 30 in Green as Company Receives Listing of Equity Shares on NSE

From Rs 7.62 (52-week low) to Rs 18.58 per share, the stock is up by 84.4 per cent and has given multibagger returns of 950 per cent in 3 years.  

On Thursday, shares of Rhetan TMT Ltd surged 10.73 per cent to an intraday high of Rs 22.40 per share from its previous closing of Rs 20.23 per share. The stock’s 52-week high is Rs 24.61 per share and its 52-week low is Rs 12.15 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE.

Buy 1, Get 1 FREE! Claim your complimentary DSIJ service this Navratri

Rhetan TMT Ltd has received approval from the National Stock Exchange of India Limited (NSE) for the listing of its equity shares on the NSE Main Board. The company submitted an application, and in a letter dated September 24, 2025, the NSE approved the listing of 79,68,75,000 equity shares. These shares, each with a face value of Re. 1, represent the company's entire issued, subscribed, and fully paid-up equity share capital. The shares will be admitted for trading on the NSE starting September 26, 2025, under the symbol "RHETAN". This development is a continuation of the company's application for listing and was disclosed in accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

About the Company

Incorporated in 1984, Rhetan TMT Ltd is in the business of manufacturing TMT bars. TMT Bars and Round Bars which are primarily used in the construction industry and its products have been used in the construction of dams, bridges, residential and commercial towers, and major infrastructure projects in Gujarat.

DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.

The company has a market cap of over Rs 1,600 crore. The shares of the company have a PE of 345x, an ROE of 3.4 per cent and an ROCE of 4.5 per cent. From Rs 7.62 (52-week low) to Rs 18.58 per share, the stock is up by 84.4 per cent and has given multibagger returns of 950 per cent in 3 years.  

Disclaimer: The article is for informational purposes only and not investment advice.