About 2649 stocks are advancing, compared to 919 stocks declining, thus indicating a positive sentiment in the broader market.

In the month of December itself, the company has received multiple orders. The stock has delivered multibagger returns of nearly 200 per cent in the last one year.

The company's foray into electrolyte manufacturing complements the government's Make in India initiative.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 316.99 points or 0.45 per cent.

The stock gave multibagger returns of 120 per cent from its 52-week low of Rs 229 per share.

Indian equity markets rose by 0.51 per cent on Thursday, the Nifty 50 and BSE Sensex closed at 21,255 and 70,865 respectively. Mid-Caps gained 1.16 per cent, while Small-Caps zoomed 1.69 per cent. The 47 stocks were advancing against every 20 declining stocks on Thursday.

The stock has an ROE of 22.80 per cent and an ROCE of 30 per cent.

This is a mid-cap, fundamentally strong company with a market capitalization of Rs 3,334 crore, currently trading at Rs 3,414. The stock price-to-earnings ratio is 16x, whereas the industry price-to-earnings ratio stood at 30.9x, making this stock more attractive as an undervalued company. The company has delivered good profit growth of 40.6 per cent CAGR over the last 5 years and has a dividend yield of 0.57 per cent. On Thursday, in anticipation of an order receipt, the stock price was locked in the 5 per cent upper circuit. The stock has delivered multibagger returns of 204 per cent in just one year and 16,000 per cent of gains in a decade.

The stock has given multibagger returns of 165 per cent in just 6 months while the BSE Sensex Index is up by 11.4 per cent.

This is a Large-cap IT stock with a market capitalization of Rs 20,861 crore. The stock price has delivered multibagger returns of 174.90 per cent in one year and around 5,000 per cent returns in a decade. The company has delivered good profit growth of 19.2 per cent CAGR over the last 5 years and has a good return on equity (ROE) track record delivering ROE of 35.8 per cent in the last 3 years. The company has been maintaining a healthy dividend payout of 55.3 per cent.