Rekha Jhunjhunwala; Ashish Kacholia & Mukul Agrawal’s Portfolio Multibagger Stock Hit 52-Week High After Board Announced Revised Record Date For 1:1 Bonus Shares
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 532 per share and a whopping 2,800 per cent in 5 years.
On Thursday, at 09:15 am, shares of Raghav Productivity Enhancers Ltd gained 4.50 per cent and made a new 52-week high of Rs 1,604.60 per share from its previous closing of Rs 1,535.50.
Raghav Productivity Enhancers Ltd announced a bonus issue of equity shares in a 1:1 ratio. The shares will be issued out of the company's share premium account. A record date of November 15, 2024, has been set to determine eligible shareholders. The total number of shares to be issued is approximately 2.29 million, with a face value of Rs 10 each. The Board has revised the Record Date and fixed Friday, November 29, 2024 as the revised Record Date.
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About the Company
Raghav Productivity Enhancers Ltd (RPEL) is a manufacturing company specializing in quartz-based products. They produce ramming mass, quartz powder, and tundish board, marketed under the brand name "Raghav." RPEL caters to major steel industry players like R.L. Steel, Mahalakshmi TMT, and Varsana SPA, providing them with essential materials such as ramming mass, silica ramming mixes, and quartz. The company has a market cap of over Rs 3,500 crore and has been maintaining a healthy dividend payout of 30.1 per cent.
As of September 2024, Rekha Jhunjhunwala owns a 4.80 per cent stake, Ashish Kacholia owns a 2.02 per cent stake and Mukul Agrawal owns a 1.55 per cent stake in the company. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 532 per share and a whopping 2,800 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.