Rathi Steel stock rose 3.59% on BSE

The shares of Rathi Steel and Power rose by 3.59% on Friday, closing at ₹30.55 on the Bombay Stock Exchange. The stock has increased nearly 6% over the last five trading sessions. Investors will likely pay close attention to Rathi Steel and Power on Monday. This follows news that PCR Holdings, the company's promoter, has purchased more shares. PCR Holdings bought 45,000 equity shares for about ₹85 crore, raising its stake by 0.21%. As of December 2024, promoters hold a 40.32% stake in Rathi Steel and Power. Foreign Institutional Investors own 8.94%, and Domestic Institutional Investors hold 2.53%. The general public owns the remaining 48.22%. Over the past five years, Rathi Steel and Power has seen its stock rise by over 700%. Despite this long-term success, the stock has dropped more than 44% in the last year. The company reported a net profit of ₹6.94 crore in the September quarter, a significant boost from ₹1.79 crore in the same period a year earlier. However, total income fell to ₹121.84 crore from ₹148.94 crore. Rathi Steel and Power operates a steel plant in Uttar Pradesh. In its latest financial report, the company showed a 3.2% increase in net sales but a 32% drop in net profit for Q3 FY25. From April to December 2024, net sales totaled ₹353.59 crore, down by 6% from the previous year, while net profit surged by 199% to ₹10.16 crore. Investors are advised to consult with experts before making investment decisions.