Indian equity markets rose by 0.32 per cent on Friday, the Nifty 50 and BSE Sensex closed at 21,441 and 71,336 respectively. Mid-Caps gained 0.72 per cent, while Small-Caps zoomed 0.48 per cent. The 14 stocks were advancing against every 10 declining stocks on Tuesday.

On Monday, the stock witnessed a multi-month breakout as it logged a fresh, nearly 12-month high. Furthermore, the stock has logged this breakout along with massive volume jump as volume recorded for the day was highest since mid-May 2019.   

Amara Raja Batteries has reported results for the second quarter that ended on September 30, 2022.

Nifty 50 extended its rally from yesterday, closing over the 18,100 level. This was supported by strong global trends. In this post, we have identified powerful stocks for November 2 that are having a strong technical setup.

The 52-week high and low of the company is Rs 147.70 and Rs 75. The stock saw a spurt in volumes by 3.69 times. 

RPEL produces quartz-based ramming material, quartz powder, and tundish board. Products are marketed and sold under the Raghav brand name.

The company's total revenue for Q2FY23 was Rs 742.01 crore, up 39.56 per cent from the same period last year, when it was Rs 531.67 crore.  

In just 10 days the stock gave a return of 131 per cent to its investors. 

This sharp increase in the stock price was seen as the management clarifies that now there is no ban on India for exports of surplus carbon credits.

Since the first of July, stockholders of the company have seen a return of about 50 per cent. The current price-to-earnings ratio for the stock is 24.54.