Multibagger in just 1 year; Board likely to announce bonus shares!
The stock gave multibagger returns of 120 per cent in just 1 year and over 900 per cent in 3 years.
Raghav Productivity Enhancers Ltd informed that a meeting of the Board of Directors of the Company will be held on Tuesday, June 27, 2023 inter alia, to transact the following business:
1. To consider and approve the appointment of Secretarial Auditor of the Company for the financial year 2023-24;
2. To consider and approve the appointment of the internal auditor of the company for the financial year 2023-24.
3. To consider and approve the Board’s Report of the company for the financial year ended on March 31, 2023.
4. To consider and approve the proposal for an increase in the authorized share capital of the company subject to necessary approvals.
5. To consider and approve the proposal for the issue of bonus equity shares subject to necessary approval.
6. To consider and finalize the matters to be included in the Notice of 14th AGM including the Date, Place & Time of holding the 14th Annual General Meeting (AGM) of the Company for the financial year ended on March 31, 2023.
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RPEL is engaged in the manufacturing of quartz-based ramming mass, quartz powder, and tundish board. It sells its products under the brand name of “Raghav”. The company has a market cap of Rs 1,225 crore and reported stellar Quarterly Results and annual results for the year ended March 31, 2023.
On Friday, shares of RPEL plunged 0.22 per cent to Rs 1,065.60 per share with an intraday high of Rs 1,090 and an intraday low of Rs 1,050. The stock gave multibagger returns of 120 per cent in just 1 year and over 900 per cent in 3 years. Investors should keep an eye on this small-cap stock.