Back-to-back upper circuit: Dheeraj Lohia’s favorite micro-cap multibagger stock below Rs 100 hits a 52-week high on the launch of a new product; watch out!

the stock The stock has witnessed an impressive surge of nearly 121 per cent, delivering multibagger returns. Notably, micro-cap investor Dheeraj Kumar Lohia holds a significant 2.13 per cent stake in the company

Despite weak global cues, the market commenced the session on a positive note and bolstered its gains throughout the day, with the Nifty edging closer to 21,700 before settling near the day's high.

The market rebounded after two consecutive negative trading days, spurred by robust monthly business updates from leading banks, highlighting substantial credit growth. The realty sector emerged as the highest gainer, driven by anticipations of robust demand in the residential category. This sentiment was further supported by encouraging data on housing loans disbursement released by banks.

A notable entity dominating market discussions is Rama Vision Limited (RVL), which experienced its fourth consecutive circuit on Thursday. The stock surged nearly 5 per cent to Rs 71.71 and also reached a fresh 52-week high.

Incorporated in January 1989 as a public limited company listed on the Bombay Stock Exchange, Rama Vision Limited (RVL) focuses on trading various baby care, mother care, skin care products, and diverse food items. The company sources its entire inventory through imports from countries such as Thailand, Malaysia, South Korea, and the USA. Rama Vision distributes its products across India through an extensive sales network.

Renowned for its flagship brand, Pigeon, which offers mother and baby care products imported from Japan, Rama Vision Limited also boasts Graco, one of the world's most trusted juvenile products companies. Real Thai, providing Thai food under the brand name "REAL THAI," is another significant aspect of the company's portfolio.

In a recent development, Rama Vision Limited introduced a new product, "Wafer Sticks," under the brand name "MADDOX." Additionally, as part of the scheme for the Creation/Expansion of Food Processing & Preservation Capacities (CEFPPC) of the Pradhan Mantri Kisan Sampada Yojna (PMKSY) by the Ministry of Food Processing Industries, Government of India (MOFPI), the company established a new manufacturing unit for food products (Wafer Sticks) at Himalayan Mega Food Park, Kashipur, Uttarakhand. This manufacturing facility, with an installed capacity of 900 MT per annum, commenced commercial production on December 25, 2023, after successful initial trial runs.

Over the past three years, the stock has witnessed an impressive surge of nearly 121 per cent, delivering multibagger returns. Notably, micro-cap investor Dheeraj Kumar Lohia holds a significant 2.13 per cent stake in the company, equivalent to 221,876 shares.

Disclaimer: The article is for informational purposes only and not investment advice.