Rhetam TMT shares climbed 3% to reach a 52-week high of ₹33.81 on the National Stock Exchange on Friday, driven by the company's announcement that it has completed a mounted solar power project.
The stock opened at ₹33.46, up from the previous close of ₹32.85, as investors reacted positively to the capital expenditure update.
The price action underscores growing market interest in Indian renewable energy firms with tangible project deliveries.
Rhetam TMT, which trades under ₹50, has seen sustained momentum in recent weeks.
The latest project completion adds to a narrative of operational progress for the company, which has previously benefited from speculation regarding its supply-chain relationship with Tesla.
Traders are watching whether this project milestone can sustain the stock's upward trajectory or if the move is a short-term reaction to the specific capex news.