Promoters bought 13.7 lakh shares: Multibagger penny stock below Rs 50 jumps 14.3 per cent from intraday low on June 25
The stock is up over 30 per cent from its 52-week low and has given multibagger returns of 1,350 per cent in 5 years.
Today, shares of Rathi Steel and Power Ltd jumped 14.3 per cent to Rs 32 per share from its intraday low of Rs 29 per share with heavy volume. The stock’s 52-week high is Rs 97.81 per share and its 52-week low is Rs 24.50 per share.
Incorporated in 1971, Rathi Steel and Power Limited manufactures and supplies steel and steel-related products. The company specialises in stainless steel products like Wire Rods, flats, etc, which are primarily used in infrastructure, engineering, and household applications. Rathi operates a plant in Ghaziabad, UP, with an installed capacity of 2,00,000 tons per annum or rolling capacity. The Company also operates a steel melting shop with an installed capacity of over 90,000 tons per annum to manufacture stainless steel billets.
According to Quarterly Results, the net sales increased by 26.4 per cent to Rs 43.2 crore and the net profit increased by 617 per cent to Rs 3.80 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 2 per cent to Rs 503 crore in FY25 compared to FY24. The company reported net profit of Rs 14 crore in FY25 compared to net profit of Rs 24 crore in FY24.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.
Rathi Steel and Power Limited has received BIS certification (license CM/L/8700195219) for its Fe 500 Reinforcement Bars, covering nominal sizes from 8 mm to 25 mm, which allows them to use the BIS Standard Mark on these TMT bars. This approval, valid until May 8, 2026, enables the company to produce a high-demand product line, optimise existing capacity, and meet market needs. This positive development follows the re-commencement of operations at their Ghaziabad Steel Melting Shop on April 29, 2025, which manufactures steel billets.
The promoters of the company bought 13,70,001 shares in March 2025 and increased their stake to 41.30 per cent compared to December 2024. The stock is up over 30 per cent from its 52-week low and has given multibagger returns of 1,350 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.