The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 36 per share. 

Shares of the company gained over 220 per cent in the last six months.

The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 44.09 per share and a whopping 2,400 per cent in 2 years.

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.