200 per cent returns: This multibagger small-cap company excels as selected partner for prestigious projects in Ayodhya!

The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 104.95 per share.

Today, shares of Responsive Industries Ltd surged 7.2 per cent to an intraday high of Rs 324.30 per share from its previous closing of Rs 302.55. The stock’s 52-week high is Rs 364.80 per share and its 52-week low is Rs 104.95.

The sudden rise in the stock price was due to the company excelling as a selected partner for prestigious projects in Ayodhya.

Responsive Industries Limited, a leading name in the world of innovative solutions, is delighted to announce its selection as a key partner for several prestigious hospitality and other projects currently under construction in the holy city of Ayodhya. The Company anticipates a significant positive impact on its revenue as a result of these partnerships.

The historic and spiritual significance of Ayodhya, coupled with its booming growth as a tourist destination, makes it a focal point for various development initiatives. The company is proud to play an integral role in these endeavours by providing top-tier solutions in flooring and wall coverings.

Renowned for its unwavering commitment to excellence, expertise, and quality, the Company has fostered trust and partnerships with prominent Ayodhya developers and stakeholders. Excited to collaborate on projects that elevate the city's infrastructure and cultural tapestry, the Company pledges to champion sustainability, innovation, and customer satisfaction. Embarking on this transformative journey, the Company looks forward to demonstrating its capabilities and contributing to Ayodhya's ascent as a world-class destination.

Responsive Industries Limited, a global leader in innovative flooring and wall coverings, boasts a legacy of excellence in delivering cutting-edge, sustainable, and high-quality products for diverse industries worldwide. As a beacon of innovation, Responsive Industries consistently set new industry benchmarks, exemplified by their influential role in India's Railway infrastructure through projects like Vande Bharat and Garib Rath. Founded in 1982, the company is also a leading India-based manufacturer of PVC products.

According to the financials, RIL has a market cap of over Rs 8,500 crore with a 3-year stock price CAGR of 50 per cent. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 104.95 per share. Investors should keep an eye on this Small-Cap stock.