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”. As of March 31, 2023, Rakesh Jhunjhunwala owns a 5.23 per cent stake in the company.
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On Friday, shares of RPEL plunged 2.42 per cent to Rs 1,038.95 per share with an intraday high of Rs 1,096 and an intraday low of Rs 1,021.05. The stock gave multibagger returns of 113 per cent in just 1 year and over 850 per cent in 3 years.
Investors should keep an eye on this stock.