This multibagger company, backed by Ashish Kacholia has doubled investors' wealth in just six months! Do you own it?

Mr Rakesh Jhunjhunwala invested Rs 30.90 crore in the company for the development of a new ramming mass plant.

The Indian headline indices opened higher on Monday, following the strength in Asian markets and after oscillating between gains and losses, the indices were able to close the session higher. With gains of more than 1 per cent, BSE Metals was one of the top gaining sectors of the session. 

In an effort to control high inflation, the government imposed export taxes on a variety of metals and steel products in May 2022. Metal prices, which had previously peaked, dropped sharply in April, May, and June, while the sectoral index (BSE Metals) fell nearly 1 per cent in the past six months. 

Despite the sector drawbacks, shares of Raghav Productivity Enhancers have soared over 100 per cent in the last six months, more than doubling investors' wealth. On an intraday basis on Monday, shares of Raghav Productivity Enhancers surged 2.25 per cent and reached a new 52-week high of Rs 1020 per share on BSE. 

In a recent open market transaction on November 4, 2022, renowned investor Ashish Kacholia acquired more than 2 per cent of the company. Kacholia bought 2.31 lakh shares at an average price of Rs 842 per share, according to data available on the exchanges. Mr Rakesh Jhunjhunwala invested Rs 30.90 crore in the company for the development of a new ramming mass plant.

The company is one of the biggest producers of silica ramming mass in the world, which is used to line induction furnaces and is designed to minimize erosion during induction melting. Keep a close eye on this scrip for the upcoming sessions.