New Delhi, June 5 -- Multibagger penny stock in focus today: Shares of Rama Steel Tubes, a leading manufacturer of branded steel products in India, spiked up 18.2% in intraday trade on Thursday, June 05, to hit a 5-month high of Rs.13.84 apiece following its entry into the renewable energy segment by acquiring interest in a 225 MW PM-KUSUM solar power initiative.

In an exchange filing today, the company announced an updated strategic investment in the renewable energy space through its participation as a joint venture (JV) partner in a 225 MW solar power project under the Government of India's ambitious PM-KUSUM

The project, structured under Onix IPP, a Special Purpose Vehicle (SPV), is spread across multiple locations in Maharashtra. I...