Stock Under Rs 50: The shares of Rathi Steel and Power jumped nearly 7 per cent in early trade on Monday after the company received a license from the Bureau of Indian Standards (BIS) to use 'High Strength Deformed Steel Bars' for its certain size products. At around 10:03 am, the small-cap stock was trading at Rs 29.67 on BSE, up 5.89%. Rathi Steel shares started the day trade at 29.45 on BSE, registering a decent gap-up opening against the previous day's closing price of Rs 28.02. Meanwhile, it touched the intraday high at Rs 30 and low at Rs 28.65. 

"We are pleased to inform that the Bureau of Indian Standards (National Standards Body, Govt of India) has granted license no CM/L – 8700195219 dated May 09, 2025 to Rathi Steel and Power Limited (“Company”) for use of BIS Standards Mark on Fe 500 Reinforcement Bars under title of “High Strength Deformed Steel Bars and Wires for Concrete Reinforcement, Fe 500” for nominal sizes 8 mm, 10 mm, 12 mm, 16 mm, 20 mm and 25 mm diameter. This is about the company’s TMT bars products," the company said in an exchange filing.

Rathi Steel And Power Stock Performance

The small-cap stock jumped over 837% in the last 5 years. However, this year to date, the stock has plunged over 28%. It has corrected around 40% in the last 6 months, and in the last 30 days, it fell by over 7 per cent. Meanwhile, its 52-week high and low values remained at Rs 97.81 and Rs 24.50, respectively.   

Also Read: Stock Under 50: This Small-Cap Metal Stock Jumps Over 7% On Fresh BIS Certification; Details

Stock Market Today

Encouraged by the ceasefire agreement between India and Pakistan, the domestic benchmark indices increased the gaining momentum in early trade after opening with a significant gap-up. The Sensex was up 2.41%, or 1,916.57 points, at 81371.04 at approximately 9:31 a.m. The Nifty was up 589 points, or 2.45%, at 24,597.0.

Following India and Pakistan's agreement to observe a ceasefire at the border, which indicated a reduction in the ongoing geopolitical tension, domestic equity indices, the Sensex and Nifty, began intraday trading with a respectable gap-up. While Nifty50, the index of the top 50 stocks on the NSE, began trading at 24,420, up 412 points from the previous day's closing value, Sensex, the 30-share benchmark of the BSE, opened at 80803, soaring 1,349 points.

Also Read: Stock Market Cheers India-Pakistan Ceasefire Agreement; Sensex Zooms 1,900 Points, Nifty Trades Over 24,590 In Early Trade