Enforcement Directorate Raipur acquires 31,00,775 shares of this multibagger penny stock under Rs 30; Script up 4.6% today & over 1,300% in 5 years

DSIJ Intelligence-1 / 28 Jul 2025/ Categories: Multibaggers, Penny Stocks, Trending

Enforcement Directorate Raipur acquires 31,00,775 shares of this multibagger penny stock under Rs 30; Script up 4.6% today & over 1,300% in 5 years

The stock is up by 20 per cent from its 52-week low and has given multibagger returns of 1,300 per cent in 5 years.

Today, shares of Rathi Steel and Power Ltd surged 4.6 per cent to Rs 29.40 per share from its previous closing of Rs 28.11 per share. 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.

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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.

In the June 2025 or Q1FY26 shareholding update as per BSE, the Enforcement Directorate Raipur (Government of India) acquired 31,00,775 shares, representing a 3.59 per cent stake in the company, compared to no holding in March 2025. The stock is up by 20 per cent from its 52-week low and has given multibagger returns of 1,300 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.