The stock of this Rs 950-crore market capitalisation company is making headlines recently for strong buying by investors.   

The company works in manufacturing plastic products and advanced piping solutions for various industries. With a market capitalisation of just Rs 190 crore, it is one of the fasting-growing small-cap companies in its industry.

Belonging to the pharmaceutical sector, this Rs 450 crore-market cap company works in manufacturing modernised capsule shells and pharmaceutical dosage forms. It also supplies various APIs to big pharmaceutical companies.   

We are going to talk about a multi-bagger stock with an attractive valuation that has seen fresh buying interest lately from investors.   

Indices closed on a weaker note as Nifty plunged 1.22 per cent but managed to close above 17,500. Sensex tanked 700 points whereas Nifty Midcap and Nifty Smallcap closed marginally higher.   

At 2.45 pm on Tuesday, the headline equity indices, i.e. Sensex and Nifty 50 have recovered from Monday’s terrible fall.   

The US equity indices also ended marginally lower on Monday with Dow Jones index settling 0.57 per cent lower and S&P 500 benchmark index plunging 0.67 per cent at the day’s end. The tech-heavy Nasdaq index closed lower by 1.02 per cent.   

Indices ended higher after a volatile second half as Nifty rose 36 points or 0.21 per cent while Sensex jumped nearly 60 points. Nifty Midcap and Nifty Smallcap climbed 0.70 per cent & 0.55 per cent, respectively.  

The shares of this company made a fresh 52-week high at Rs 33.50 a piece on August 22, 2022. The stock has been consistently hitting its 5 per cent upper circuit levels for the past two weeks and witnessed a spurt in volume by 2x on Monday.  

 At 11 am on Friday, the headline equity indices, i.e. Sensex and Nifty 50 are trading flat, owing to a quiet trading session in the US market.   

At 2.30 pm on Thursday, the markets were seen recovering from the day’s low as Asia- Pacific markets tumbled following the overnight cooling off of the most recent Wall Street rise.