RHI Magnesita India Stages a Dramatic Comeback After Five-Day Losing Streak!

$RHIM RHI Magnesita India witnessed a highly volatile session on the first trading day of July. Ahead of the market opening, the company announced the appointment of Pankaj Malhan as Managing Director & CEO, effective July 1, 2026, while Parmod Sagar will continue as Chairman. The stock opened with a 3.8% gap-up, declined nearly 4% during the session, and then staged a remarkable recovery of almost 15% from the day's low. It finally closed 5.4% higher, snapping a five-session losing streak as investors reacted positively to the leadership announcement. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.