Rathi Steel Share Price: A Whopping 1,246% Return in Just 6 Months and 22 Days!
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Rathi Steel and Power Limited, a stock that has been making waves in the market, has managed to deliver exceptional returns to investors in a short span of time. In just six months and 22 days, the stock has surged by over 1,246%!
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Back on July 3, 2023, the stock was trading at a modest price of โน3.3 on the BSE. However, by January 25, 2024, the price had skyrocketed to โน44.44. This astounding growth translates to a staggering 1,246.66% increase in share price over the past six months and 22 days.
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To put this into perspective, let’s consider an investor who had invested โน1 lakh in this stock at the price of โน3.3 in July. If they had held onto their investment until now, their wealth would have grown to a remarkable โน13.46 lakhs!
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Even on Monday, January 29, 2024, Rathi Steel and Power Limited’s share price continued its upward trajectory, rising by 1.98% to โน45.3. This indicates the stock’s continued growth potential and investor confidence in the company.
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In just one month, the stock has delivered a staggering 53% return, reaching its 52-week high on January 25. Currently, the company has a market capitalization of โน139.13 crores.
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As of December 2023, the promoters held a 51.47% stake in Rathi Steel and Power Limited, while the public held a 48.53% stake in the company. This signifies the trust and interest of both insiders and the general public in the company’s growth prospects.
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During the financial year 2022-23, the company reported a revenue of โน726.55 crores and a net profit of โน12 crores. These strong financials further enhance the attractiveness of investing in Rathi Steel and Power Limited.
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In a recent development, the company’s board has approved the allotment of 3,55,70,522 shares based on priority. This decision showcases the company’s commitment to rewarding its shareholders and expanding its investor base.
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To stay updated on the exceptional performance of Rathi Steel and Power Limited, mark your calendars for the extraordinary general meeting scheduled for February 10, where further exciting announcements may be made.
So, if you are looking for a stock that has the potential to deliver significant returns, Rathi Steel and Power Limited may just be the investment opportunity you’ve been waiting for! Grab your chance and ride the wave of success with this remarkable stock.
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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
