With a market capitalization of Rs. 4,522.17 crores, Rajratan Global Wire Ltd. is a small cap company that serves the automotive industry. The company began by manufacturing tire beads and has now expanded into the iron and steel trade. The company manufactures high carbon steel wire, commonly known as “black wire”, as well as drawn steel wire and rods for a variety of industrial uses. The action closed at ₹880.00 per share on Friday, up 3.54% from its previous close of ₹849.95, after hitting a 52-week high of ₹896.00. This comes after Rajratan Global’s consolidated net sales in June 2022 reached ₹251.43 crore, up 37.93% YoY in Q1FY23. The stock hit a 52-week low on July 21 at ₹350.42, which means it is currently trading 151% above the 52-week low after hitting a 52-week high on Friday.