This expansion doubles the company’s production capacity from 250,000 to 500,000 cubic meters per annum, solidifying company as one of India’s largest AAC block manufacturers.

Prominent investor Ashish Kacholia holds a 2.52 per cent stake, translating to 22,036,118 shares. Additionally, foreign institutional investors (FIIs) now hold a record-high stake

The company is also exploring the acquisition of a new vessel, furthering its goal to become a fully integrated service provider. These initiatives are expected to drive robust revenue and margin growth in the coming years.

The stock has surged by 8 per cent to Rs 98, marking a remarkable 40 per cent increase over the past three months.

Several factors could be driving Mukul Agrawal's investment. Company boasts a strong brand recall, an increased focus on modern trade and e-commerce. With a robust network of over 200,000 retailers across India. 

From a technical standpoint, the stock appears to be on the cusp of a significant multi-year breakout, poised around the pivotal level of Rs 374. Sustaining above this critical threshold is anticipated to catalyze a noteworthy breakthrough, marking the culmination of a 73-month long consolidation phase.

Company is slated to participate in an Analyst/Investor meet on Tuesday, December 19, 2023, featuring notable entities such as Alchemy, Edelweiss, Mirabilis, Moneybee, Bay Capital, Alpha Accurate, Electrum Capital, JM PMS, Pidilite Family Office, Sahasrar Capital, Incred, and Mahindra MF.

In a single day, the company received an order worth Rs 552 crore, which is equivalent to 2.73 times its total sales for the fiscal year 2023. 

But that's not all! The company recently announced that, along with its joint venture (JV) partners, it has received a letter of award for the Rihand Micro Irrigation Project from the Department of Water Resources, Madhya Pradesh. 

During Q2FY23, the bank logged the highest-ever quarterly net interest income and PBT due to an overall improvement in CASA, net interest income, and reduced provisions (excluding tax). Further, the bank was able to beef up the capital-to-risk-weighted asset ratio (CRAR) to a level of 16.04 per cent from 15.74 per cent on a YoY basis.