Shares of the iron and steel products company Rathi Steel zoomed over 9 per cent today. The action in the stock comes after the company informed exchanges that the company has received a prestigious certification from the Bureau of Indian Standards (BIS) India’s national standards authority. The scrip started the session in green and opened with a gain of 5.18 per cent at Rs 29.45 on the BSE. It had closed at Rs 28.02 in the last trading session. It surged further to touch the intraday high of 30.65 - a gain of 9.46 per cent. Last seen the counter was trading at Rs 30.01 with a gain of 7.10 per cent. The 52-week high of the stock is Rs 97.81 and the 52-week low is Rs 24.50. From the perspective of returns the shares of the company have given a multibagger return of around 640 per cent in five years. However. It has corrected around 55 per cent in one year and over 28 per cent so far this year. According to the regulatory filing the BIS has granted the company a license to use the BIS Standard Mark on its Fe 500 Reinforcement Bars categorized under the title “High Strength Deformed Steel Bars and Wires for Concrete Reinforcement Fe 500 for nominal bar sizes ranging from 8 mm to 25 mm in diameter. Meanwhile the stock market benchmark indices Sensex and Nifty rebounded sharply today and surged over 3 per cent amid a ceasefire between India and Pakistan. After starting the trade in the green the 30-share BSE benchmark gauge Sensex further jumped 2376.18 points or 2.99 per cent to 81830.65 in morning trade. The NSE Nifty surged 729.8 points or 3 per cent to 24737.80. As a result Investors wealth jumped by Rs 13.13 lakh crore to Rs 42954415.37 crore (USD 5.02 trillion) during the morning deals. From the Sensex firms Adani Ports Axis Bank NTPC ICICI Bank HDFC Bank Infosys HCL Tech and Bajaj Finance were the major gainers. Sun Pharma and IndusInd Bank were the only laggards from the pack. In Asian markets South Koreas Kospi Japans Nikkei 225 index Shanghais SSE Composite index and Hong Kongs Hang Seng were quoting higher.