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Cubex Tubings hits 5% upper circuit for fifth straight session
The rally has pushed the stock up 29% over five sessions, even as investors have not identified a new fundamental trigger beyond the company’s planned equity or convertible fundraise.
Cubex Tubings shares were locked at the 5% upper circuit on Tuesday, October 13, reaching a fresh record high of ₹191.30. The stock extended its winning run to a fifth consecutive trading session.
LiveMint Markets said the five-day rally has delivered a cumulative gain of 29%, and it noted that repeated upper-circuit moves typically reflect sustained buy-side demand alongside limited selling.
The outlet pointed to the company’s latest major update as the only clear recent development driving attention. In a regulatory filing dated October 9, Cubex Tubings said its board would consider and decide on raising funds through the issuance of equity shares and/or other securities convertible into equity shares, in one or more tranches, subject to approvals.