BSE Basic Materials: This multibagger small-cap stock is up by 19.96 per cent on Thursday afternoon!

This multibagger stock touched a fresh 52-week high today.

TGV Sraac Ltd is engaged in the production of Chlor-alkali products, chloromethane, castor derivatives, and fatty acids. It is the flagship company of the TGV group which has a presence in industries such as healthcare products, aquaculture, real estate, pharmaceuticals, industrial chemicals, and hospitality. The company has emerged as the top gainer of the S&P BSE Smallcap index. 

From Rs 18.4 on August 10 2020 to Rs 92.95 on August 10 2022, this company delivered 405 per cent returns in just two years. An investment of Rs 1 lakh would have turned Rs 5.05 lakh. 

The Board has given in-principle approval to the company for 15 MW capacity in addition to the previous Board approval for the 25 MV Solar Power Project. Further, the Board noted that 10 MW of Solar Power was commissioned out of the above approval. The Board also noted that the company has prepaid Term Loans up to Rs 72 crore to banks. 

On Thursday afternoon, the company stock hit a fresh 52-week of Rs 111.50 and it has s 52-week low of Rs 32.25. 

At 12:50 pm, the stock has rallied 19.96 per cent and the scrip is trading at Rs 111.50.