New Delhi, Sept. 28 -- Shares of small cap firm, Rhetan TMT Limited ended higher on Monday, September 28. The Iron & Steel products stock hit upper circuit despite weakness in the Indian stock market today. BSE Sensex closed 1.52% lower at 72,771 points.

The rally in Rhetan TMT Limited stock came after the company announced that it has signed an MoU with Bajaj Tubular for around 20,000 MT TMT bars.

The Gujarat-headquartered company signed an MoU with Bajaj Tubular for around 20,000 MT TMT bars. The MoU includes proposed procurement of approximately 20,000 MT of TMT bars over a period of 24 months.

Under the MoU, Bajaj Tubular Products has expressed its intention to procure approximately 20,000 MT of TMT bars from the company during the...