Rekha Jhunjhunwala; Ashish Kacholia & Mukul Agrawal’s Portfolio Multibagger Stock In Green As Board Likely To Announce Bonus Shares
The stock gave multibagger returns of 127 per cent from its 52-week low of Rs 532 per share and a whopping 1,940 per cent in 5 years.
Raghav Productivity Enhancers Ltd informed that a meeting of the Board of Directors of the company for the F.Y. 2024-25 will be held on Friday, October 18, 2024, at 10:30 A.M. (IST), through Video Conferencing/Other audio-visual means (VC/OAVM) inter alia, to transact the following business:
- To consider and approve the Un-audited Financial Results (Standalone and Consolidated) for the Quarter/Half-year that ended on September 30, 2024, along with the Limited Review Report thereon pursuant to Regulation 33 of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015.
- To consider and approve the proposal for an Increase in Authorized Capital of the Company subject to necessary approvals
- To consider and approve the proposal for the issue of bonus equity shares subject to necessary approval
- To consider and approve the Postal Ballot Notice
- To consider and approve the proposal to make some investments
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About the Company
Raghav Productivity Enhancers Ltd (RPEL) is a manufacturing company specializing in quartz-based products. They produce ramming mass, quartz powder, and tundish board, marketed under the brand name "Raghav." RPEL caters to major steel industry players like R.L. Steel, Mahalakshmi TMT, and Varsana SPA, providing them with essential materials such as ramming mass, silica ramming mixes, and quartz. The company has a market cap of Rs 2,766 crore and has been maintaining a healthy dividend payout of 30.1 per cent.
As of September 2024, Rekha Jhunjhunwala owns a 4.80 per cent stake, Ashish Kacholia owns a 3.31 per cent stake and Mukul Agrawal owns a 1.55 per cent stake in the company. On Friday, shares of the company gained 8.32 per cent to Rs 1,210.80 per share from its previous closing of Rs 1,117.75 per share with a spurt in volume by more than 1.10 times on BSE. The stock gave multibagger returns of 127 per cent from its 52-week low of Rs 532 per share and a whopping 1,940 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.