This multi-bagger stock has given a return of over 730 percent and is in focus after it jumped 10.78 percent following the reporting of an increase in promoter stake in the company.
Share Price Movement
With a market capitalization of Rs. 283 Crore, the stock of Rathi Steel & Power opened at Rs. 32.80, up 6.87 percent from yesterday’s close, and after opening it made a high of Rs. 34 up 10.78 percent. Additionally, the Yearly return for the stock is -40 percent, and the past 2-year return is an impressive 740 percent.
Stake Update
PCR Holdings Private Limited ( Formerly known as Archit Securities Pvt. Ltd) acquired 45,000 equity shares or 0.21 percent of the total shareholding in the company. As of Q3FY25 promoter held 40.32 percent of the total shares in the company. Out of the 40.32 percent holding of the promoters, 53.02 percent of the 40.32 percent are in the lock-in period.
Also read: Textile stock hits 5% upper circuit after receiving ₹17 Cr order from Madhuram Industries
Financial Highlights
The company reported a 3.17 percent YoY increase in revenue from Rs. 101.22 Crore in Q3FY24 to Rs. 104.43 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 13.99 percent in revenue from Rs. 121.43 Crore in the previous quarter.
Their Net profit saw a decrease of 32.91 percent YoY from Rs. 0.79 Crore to Rs. 0.53 Crore for the same period. On a QoQ basis, the company reported a decrease of 92.36 percent in Net profit from Rs. 6.94 Crore in the previous quarter.
About the Company
Rathi Steel and Power Limited is an Indian steel manufacturing company specializing in the production of rebars and wire rods, primarily serving the construction industry.
Written By Abhishek Das
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