Rathi Steel & Power, a prominent player in the iron and steel sector, has exciting news that could impact investors and industry enthusiasts alike. On April 5, 2025, the company announced the resumption of production at its TMT Rolling Mill Division located in Ghaziabad. This move is expected to enhance their operational capabilities and could position them well in the competitive market.
Resumption of TMT Bar Production
In a recent disclosure to the stock exchange, Rathi Steel & Power confirmed that its operations for producing TMT Bars had officially restarted. The statement highlighted that the factory located at A-3, South of G T Road, Industrial Area, Ghaziabad is now fully operational. This development is part of the company’s broader strategy to strengthen its market presence.
- Date of Resumption: April 5, 2025
- Location: Ghaziabad, India
Stake Acquisition by PCR Holdings
Earlier this year, on March 22, Rathi Steel’s promoter, PCR Holdings—previously known as Archit Securities—announced an increase in its ownership stake. They acquired an additional 0.21% through the purchase of 45,000 equity shares, totaling approximately ₹85.06 crore. This strategic move showcases the promoter’s confidence in the company’s future prospects.
Current Share Performance
As of the latest trading session, Rathi Steel & Power shares experienced a slight decline, closing at ₹31.03, down 0.32% from the previous day. This performance comes after the company’s recent announcement regarding its operational updates.
- Previous Close: ₹31.13
- Market Capitalization: ₹263.95 crore
Historical Performance Insights
Rathi Steel & Power has been a multibagger for investors over the past five years, delivering a remarkable return of over 675%. However, it’s important to note that the stock has faced challenges in the past year, experiencing a decline of approximately 51%. Despite these fluctuations, the stock has shown resilience with a 4.8% increase over the past month.
- 52-Week High: ₹97.81 (July 30, 2024)
- 52-Week Low: ₹24.50 (March 3, 2025)
Conclusion
With the recommencement of TMT Bar production and an increase in promoter stake, Rathi Steel & Power is making strategic moves that could benefit investors in the long run. As always, potential investors should consider market trends and company performance before making decisions. Keep an eye on this stock, as it may continue to be a focal point in the coming weeks. For more updates on stock performance, check out our latest articles on multibagger stocks and market analysis.
