Business News
MARKETS
Stocks
Rolex Rings shares zoom 18%, approach 52-week high; here's why 

Rolex Rings shares zoom 18%, approach 52-week high; here's why 

Rolex Rings shares zoomed 18% to a high of Rs 164. Market cap of the firm rose to Rs 4,387.29 crore.

Advertisement
    Share:
With today's rally, Rolex Rings shares have approached a 52 week high of Rs 166.12 hit on June 6, 2025.  With today's rally, Rolex Rings shares have approached a 52 week high of Rs 166.12 hit on June 6, 2025.  
Aseem Thapliyal
  • Apr 21, 2026,
  • Updated Apr 21, 2026 3:19 PM IST

Shares of Rolex Rings, a leading manufacturer of forged and machined components, zoomed nearly 18% in the afternoon session on Tuesday after the firm said its board would consider a buyback of shares on April 23. 

Rolex Rings shares zoomed 18% to a high of Rs 164 against the previous close of Rs 139.40. Market cap of the firm rose to Rs 4,387.29 crore. With today's rally, Rolex Rings shares have approached the 52-week high of Rs 166.12 hit on June 6, 2025.  

Advertisement

"The Board of Directors (“Board”) of Rolex Rings Limited (“Company”) will consider a proposal for buyback of fully paid-up equity shares of the Company at its meeting scheduled to be held on Thursday, April 23, 2026, in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended," said Rolex Rings. 

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

Shares of Rolex Rings, a leading manufacturer of forged and machined components, zoomed nearly 18% in the afternoon session on Tuesday after the firm said its board would consider a buyback of shares on April 23. 

Rolex Rings shares zoomed 18% to a high of Rs 164 against the previous close of Rs 139.40. Market cap of the firm rose to Rs 4,387.29 crore. With today's rally, Rolex Rings shares have approached the 52-week high of Rs 166.12 hit on June 6, 2025.  

Advertisement

"The Board of Directors (“Board”) of Rolex Rings Limited (“Company”) will consider a proposal for buyback of fully paid-up equity shares of the Company at its meeting scheduled to be held on Thursday, April 23, 2026, in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended," said Rolex Rings. 

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Read more!

RECOMMENDED

Advertisement