Canara Bank holds 1.26% stake: Rathi Steel & Power Ltd, a penny stock below Rs 30 jumps 18.2% with heavy volume on October 30
DSIJ Intelligence-1 / 30 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock is up by 33.72 per cent from its 52-week low and has given multibagger returns of over 1,250 per cent in 5 years.
Today, shares of Rathi Steel and Power Ltd jumped 18.2 per cent to Rs 28.95 per share from its previous closing of Rs 24.49 per share. The stock’s 52-week high is Rs 52 per share and its 52-week low is Rs 21.65 per share. The shares of the company saw a Spurt in Volume by more than 20 times on the BSE.
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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 company reports revenue of Rs 155.29 crore and PAT of Rs 1.89 crore in Q1FY26. In its annual results, the net sales increased by 2 per cent to Rs 503 crore in FY25 compared to FY24. The company reported a net profit of Rs 14 crore in FY25 compared to net profit of Rs 24 crore in FY24.
The company has also 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 recommencement of operations at their Ghaziabad Steel Melting Shop, which manufactures steel billets.
The company has a market cap of over Rs 200 crore and has delivered good profit growth of 18.7 per cent CAGR over last 5 years. As of September 2025, Canara Bank-Mumbai holds a 1.26 per cent stake in the company. The stock is up by 33.72 per cent from its 52-week low and has given multibagger returns of over 1,250 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.