RHI Magnesita jumps 5% as company announces plan to acquire Dalmia Bharat Refractories
Updated: 21 Nov 2022, 01:22 PM IST
- The acquisition will significantly increase RHI Magnesita's presence in the fast-growing Indian refractory market, with steel production in India expected to grow 12 percent in 2022.
The stock has grown nearly 23 percent in the last six months. In the past one year, it has given a positive return of over 100 percent.