Latest news with #RathiSteel
India.com
12-05-2025
- Business
- India.com
This smallcap stock surges over 9 percent on fresh BIS certification
Stock market- File image- For Representational purpose Shares of the iron and steel products company Rathi Steel zoomed over 9 per cent today. The action in the stock comes after the company informed exchanges that the company has received a prestigious certification from the Bureau of Indian Standards (BIS), India's national standards authority. The scrip started the session in green and opened with a gain of 5.18 per cent at Rs 29.45 on the BSE. It had closed at Rs 28.02 in the last trading session. It surged further to touch the intraday high of 30.65 – a gain of 9.46 per cent. Last seen, the counter was trading at Rs 30.01 with a gain of 7.10 per cent. The 52-week high of the stock is Rs 97.81, and the 52-week low is Rs 24.50. From the perspective of returns, the shares of the company have given a multibagger return of around 640 per cent in five years. However. It has corrected around 55 per cent in one year and over 28 per cent so far this year. According to the regulatory filing, the BIS has granted the company a license to use the BIS Standard Mark on its Fe 500 Reinforcement Bars, categorized under the title 'High Strength Deformed Steel Bars and Wires for Concrete Reinforcement, Fe 500 for nominal bar sizes ranging from 8 mm to 25 mm in diameter.' Meanwhile, the stock market benchmark indices Sensex and Nifty rebounded sharply today and surged over 3 per cent amid a ceasefire between India and Pakistan. After starting the trade in the green, the 30-share BSE benchmark gauge Sensex further jumped 2,376.18 points or 2.99 per cent to 81,830.65 in morning trade. The NSE Nifty surged 729.8 points or 3 per cent to 24,737.80. As a result, Investors' wealth jumped by Rs 13.13 lakh crore to Rs 4,29,54,415.37 crore (USD 5.02 trillion) during the morning deals. From the Sensex firms, Adani Ports, Axis Bank, NTPC, ICICI Bank, HDFC Bank, Infosys, HCL Tech and Bajaj Finance were the major gainers. Sun Pharma and IndusInd Bank were the only laggards from the pack. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were quoting higher.
Mint
12-05-2025
- Business
- Mint
Small-cap stock below ₹50: 650% rally in five years! Multibagger stock jumps over 9%
Small-cap stock below ₹ 50: Shares of Rathi Steel and Power Limited surged 7 percent in intra-day trading on Monday, May 12, following a regulatory filing announcing that the company has received a prestigious certification from the Bureau of Indian Standards (BIS), India's national standards authority. The development marks a significant step forward for the company's manufacturing operations and product credibility in the infrastructure space. The BIS has granted Rathi Steel a license to use the BIS Standard Mark on its Fe 500 Reinforcement Bars, categorized under the title 'High Strength Deformed Steel Bars and Wires for Concrete Reinforcement, Fe 500.' The approval covers nominal bar sizes ranging from 8 mm to 25 mm in diameter and pertains specifically to the company's TMT bar offerings. According to the company, this license enhances its capacity to manufacture and test a wider range of Fe 500 reinforcement bars, which are widely used in concrete structures. The certification will enable Rathi Steel to optimize the use of its current facilities while also adding new product lines to meet increasing market demand. The license, issued on May 9, 2025 (CM/L–8700195219), remains valid until May 8, 2026, and is free from any penalties, suspensions, or corrective actions. Following the announcement, the smallcap stock rose as much as 9.4 percent to an intra-day high of ₹ 30.65. Despite the sharp move, the stock remains 69 percent below its 52-week high of ₹ 97.81, recorded in July 2024. It touched a 52-week low of ₹ 24.50 in March 2025. Over a five-year period, Rathi Steel has delivered multibagger returns of nearly 650 percent. However, the recent trend has been more volatile. In the past year, the stock has declined 55 percent. It has lost over 2 percent so far in May, after falling 7.5 percent in April. In contrast, it had surged 25 percent in March, snapping an eight-month losing streak between August 2024 and February 2025. Rathi Steel and Power Limited, established in 1971 and headquartered in Ghaziabad, India, is engaged in the manufacturing and sale of steel and steel-related products across the country. The company's diverse product portfolio includes stainless steel billets, flats, wire rods, bright bars, annealed wire rods, rebars, and wires. It also produces mild steel TMT bars and pickled bars and rods. Rathi Steel distributes its products through a network of dealers and retail outlets. Formerly known as Rathi Udyog Limited, the company adopted its current name in March 2008.
Mint
12-05-2025
- Business
- Mint
Small-cap stock below ₹50: 650% rally in five years! Multibagger stock jumps over 9%
Small-cap stock below ₹ 50: Shares of Rathi Steel and Power Limited surged 7 percent in intra-day trading on Monday, May 12, following a regulatory filing announcing that the company has received a prestigious certification from the Bureau of Indian Standards (BIS), India's national standards authority. The development marks a significant step forward for the company's manufacturing operations and product credibility in the infrastructure space. The BIS has granted Rathi Steel a license to use the BIS Standard Mark on its Fe 500 Reinforcement Bars, categorized under the title 'High Strength Deformed Steel Bars and Wires for Concrete Reinforcement, Fe 500.' The approval covers nominal bar sizes ranging from 8 mm to 25 mm in diameter and pertains specifically to the company's TMT bar offerings. According to the company, this license enhances its capacity to manufacture and test a wider range of Fe 500 reinforcement bars, which are widely used in concrete structures. The certification will enable Rathi Steel to optimize the use of its current facilities while also adding new product lines to meet increasing market demand. The license, issued on May 9, 2025 (CM/L–8700195219), remains valid until May 8, 2026, and is free from any penalties, suspensions, or corrective actions. Following the announcement, the smallcap stock rose as much as 9.4 percent to an intra-day high of ₹ 30.65. Despite the sharp move, the stock remains 69 percent below its 52-week high of ₹ 97.81, recorded in July 2024. It touched a 52-week low of ₹ 24.50 in March 2025. Over a five-year period, Rathi Steel has delivered multibagger returns of nearly 650 percent. However, the recent trend has been more volatile. In the past year, the stock has declined 55 percent. It has lost over 2 percent so far in May, after falling 7.5 percent in April. In contrast, it had surged 25 percent in March, snapping an eight-month losing streak between August 2024 and February 2025. Rathi Steel and Power Limited, established in 1971 and headquartered in Ghaziabad, India, is engaged in the manufacturing and sale of steel and steel-related products across the country. The company's diverse product portfolio includes stainless steel billets, flats, wire rods, bright bars, annealed wire rods, rebars, and wires. It also produces mild steel TMT bars and pickled bars and rods. Rathi Steel distributes its products through a network of dealers and retail outlets. Formerly known as Rathi Udyog Limited, the company adopted its current name in March 2008. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
