1,000 per cent returns: Rakesh Jhunjhunwala's portfolio multibagger stock is set to trade ex-bonus tomorrow; do you own it?

1,000 per cent returns: Rakesh Jhunjhunwala's portfolio multibagger stock is set to trade ex-bonus tomorrow; do you own it?

Kiran Shroff

The stock gave multibagger returns of 880 per cent in 3 years with a ROE of 21.10 per cent and a ROCE of 28.50 per cent.

The stock markets were in a positive mood today, with the benchmark indices Sensex and Nifty trading higher. The Sensex was up 0.24 per cent at 65,878, while the Nifty was up 0.25 per cent at 19,565. The sectoral indices were trading mixed, with the BSE Capital Goods Index being one of the gainers. The index was up 0.15 per cent.

Raghav Productivity Enhancers Ltd (RPEL) informed that the Board of Directors of the Company have approved bonus shares in the ratio of 1:1 i.e., 1 (one) Equity Share for every 1 (one) existing equity share held as on record date to be fixed in this regard. The company fixed the record date for bonus shares as Tuesday, August 08, 2023.

Earlier, the company announced a final dividend of Rs 1 per equity share having a face value of Rs 10 each for the financial year 2022-2023. The company traded ex-dividend on July 07, 2023.

RPEL is engaged in the manufacturing of quartz-based ramming mass, quartz powder, and tundish board. It sells its products under the brand name “Raghav”. As of June 2023, Rakesh Jhunjhunwala owns a 5.12 per cent stake in the company.

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The company has a market cap of Rs 1,250 crore and reported positive numbers in its Quarterly Results and annual results. The company reported net sales of Rs 30.17 crore in Q1FY24, a decrease of 33.46 per cent from Q1FY23. Net profit increased by 2.24 per cent to Rs 5.95 crore in Q1FY24 compared to Q1FY23.

In FY23, net sales increased by 37.37 per cent to Rs 137.39 crore and net profit increased by 41.40 per cent to Rs 25.22 crore compared to FY22.

On Monday, shares of RPEL plunged 0.44 per cent to Rs 1,090 per share with an intraday high of Rs 1,116 and an intraday low of Rs 1,069.95. The stock gave multibagger returns of 880 per cent in 3 years and over 1,000 per cent in 5 years. The shares of the company have a ROE of 21.10 per cent and a ROCE of 28.50 per cent. Investors should keep an eye on this Jhunjhunwala portfolio stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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