Rathi Steel, a metal company, releases Q3 results, showing a 1,498.18% increase in a year
Subject to shareholder approval, the company’s board recently approved the issue and preferential allocation of up to 3,55,70,522 (Three Crores Fifty-Five Lacs Seventy Thousand Five Hundred and Twenty-Two Only) equity shares with a face value of Rs. 10/-each to individuals in the non-promoter category at a rate of Rs. 32.25 for
cash.
A member of the P.C. is Rathi Steel And Power Ltd (formerly known as Rathi Udyog Ltd).
Rathi Delhi Group. Thanks to the vision of the late Seth Gordhan Das Rathi, the Group is now a part of the steel industry. In the early 1940s, he established a modest re-rolling business in Delhi. Ever since then, the Group has continued to expand. To this day, people still adhere to Shri Gordhan Das Rathi’s devotion to progress, integrity, honesty, and excellence.
During the afternoon trade on Friday, Rathi Steel and Power’s shares were locked in at Rs 52.74 a share, a 2% lower circuit limit. One of Dalal Street’s multi-bagger penny stocks is Rathi Steel and Power, which gave back 1,498.18% to stockholders in a year and 339.50% in six months. The stock has increased 69.09% year to date (YTD) in 2024.
