Iron, steel stock Rhetan TMT retraces after inching close to 52-week high. Do you own?

Rhetan TMT shares retraced on Monday after nearing their 52-week high. The company announced receiving Bureau of Indian Standards certification to manufacture Fe500D, Fe550 and Fe550D grade TMT bars, enabling participation in government and large infrastructure projects. The certification expands its addressable market in India's steel sector, where domestic demand is growing at about 8-9% annually.