Multibagger smallcap stock: Sole listed player in its category allocates 6 lakh shares to Renowned investor Rakesh Jhunjhunwala's wife!
But make no mistake, this stock has been a true powerhouse, soaring over 600 per cent in just three years. Get ready because this stock is about to take center stage on Monday.
Raghav Productivity Enhancers Limited (RPEL) is the largest silica ramming mass producer in the world and the only listed and organised ramming mass manufacturing company in India. We are a Jaipur-based company engaged in the production of highest quality silica ramming mass.
Over the years, company has established themselves as the largest exporter and only pan-India supplier of ramming mass. Company supplies products across India and the world, with many distinguished steel manufacturers and foundries being our customers. Our robust manufacturing, extensive research and development prowess, superior quality products, financial acumen, and strong brand name form the cornerstone of our operations.
Have you ever heard of ramming mass? If not, buckle up for an exciting introduction to this fascinating substance!
Ramming mass is a refractory material applied in induction furnaces used in steel manufacturing and many other diverse industries. It is prepared with great precision using modern techniques and quality materials. Corrosion resistant with a high level of thermal stability, it offers maximum output and lasts longer. With ensured purity and effectiveness, its tested quality provided the best of results.
The company has a market cap of Rs 1009 crore, hence, it is categorized as a Small-Cap stock. This hidden gem has not gained much attention of the investors despite its stunning performance on the bourses. The stock has sky rocketed over 600 per cent in just a span of three years and it has turned out to be a multibagger. The stock is expected to be in the limelight on Monday, here’s why!
Are you ready to uncover a hidden treasure in the world of investing? This small-cap stock, with a market cap of Rs 1009 crore, has been quietly making waves on the stock market. Despite its remarkable performance, this hidden gem has yet to gain the attention of many investors. But make no mistake, this stock has been a true powerhouse, soaring over 600 per cent in just three years. It's no wonder that it's being hailed as a multibagger! And if that's not enough to pique your interest, get ready because this stock is about to take center stage on Monday.
Let me explain why: Mrs. Rekha Jhunjhunwala has been granted 6 lakh equity shares with a face value of Rs 10 each, following the conversion of 6 lakh unsecured compulsory convertible debentures. Originally, these debentures were allocated to Mr. Rakesh Jhunjhunwala, but after his unfortunate passing, the resulting equity shares were transferred to his nominee and wife, Mrs. Rekha Jhunjhunwala. As a result, her total shareholding in the company now stands at 5.2282 per cent of the total issued and paid-up capital.