Superstar Portfolio Stock: Keep an eye on this Jhunjhunwala multibagger small-cap stock!

The stock has an ROE of 21 per cent and a ROCE of 28 per cent.   

Rekha Jhunjhunwala, the late Indian investor Rakesh Jhunjhunwala's wife, have brought stake in Raghav Productivity Enhancers Ltd, a ramming mass mineral company. In the March quarter (Q4), she purchased 6,00,000 equity shares for a 5.23 per cent stake in the company.   

Additionally, Rekha Jhunjhunwala increased her stake in Titan (India) Ltd. Previously she owned 5.17 per cent of the company and boosted her interest to 5.30 per cent.  

RPEL also announced that a meeting of Board of Directors of the Company for the FY 2023-2024 will be held on Sunday, April 23, 2023 inter alia the following business:

1) To consider and approve the Audited Financial Statements of the Company for the Year ended March 31, 2023 and along with the report of Auditor’s thereon.

2) To discuss the recommendation of final dividend to the shareholders of the Company, if any.

Today, shares of Raghav Productivity Enhancers Ltd zoomed 0.06 per cent to Rs 900 per share from its previous closing of Rs 899.45 per share. The stock had an intraday high of Rs 917.05 and an intraday low of Rs 880.    

Raghav Productivity Enhancers Ltd (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'. Today, shares of the company saw a spurt in volume by more than 1.05 times on BSE.

Talking about the financials, RPEL has a market cap of over 1000 crore. In the Quarterly Results (Q3) and annual results (FY22) the company reported positive numbers. The stock has an ROE of 21 per cent and a ROCE of 28 per cent.   

The stock is up by 47 per cent in 6 months, up 60 per cent in 1 year and over 275 per cent returns in just 3 years.   

Investors should keep an eye on this multibagger Small-Cap stock under the radar.