Rhetan TMT signs MOU with Bajaj Tubular for 20,000 MT TMT bar supply
RHETAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.5 pts more than Nifty Microcap 250 and 5.9 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Rhetan TMT signed a 24-month MOU with Pune-based Bajaj Tubular Products for proposed procurement of about 20,000 MT of TMT bars. Management estimates broader commercial potential of around 250-300 crore over the period. Key caveat: this is only an indicative framework, not a confirmed order. Actual supplies depend on individual purchase orders being placed and accepted, with no fixed prices or delivery commitments yet.
Positive commercial signal showing a new large customer relationship, but only indicative until actual purchase orders materialize.