New Delhi, June 17 -- Multibagger RHI Magnesita India stock in focus: After enduring severe selling pressure for over nine months, shares of RHI Magnesita India-manufacturers of special refractory products, systems, and services for the steel industry, have staged a sharp recovery in recent months, defying the volatility in the Indian stock market.
The stock has surged 34% from its March low of Rs.384 apiece to its current market price of Rs.514, marking a strong turnaround after its slump between June 2024 and February 2025. Despite short-term volatility, the stock is still up 240% over the past five years. Although it remains 27% below its 52-week high of Rs.702 apiece, domestic brokerage firm, Axis Securities believes the upward momen...
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