Rekha Jhunjhunwala; Ashish Kacholia & Mukul Agrawal’s Portfolio Multibagger Stock Hit 52-Week High As Board Announces 1:1 Bonus Share
The stock gave multibagger returns of over 160 per cent from its 52-week low of Rs 532 per share and a whopping 2,000 per cent in 5 years.
On Friday, shares of Raghav Productivity Enhancers Ltd gained 5.20 per cent and made a new 52-week high of Rs 1,394.60 per share from its previous closing of Rs 1,325.55. At the closing bell, shares of the company were trading at Rs 1,265.15 per share, down 4.56 per cent with a spurt in volume by more than 3 times on BSE.
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 bonus issue is expected to be credited or dispatched to shareholders by December 17, 2024.
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 2,900 crore and has been maintaining a healthy dividend payout of 30.1 per cent.
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As of September 2024, Rekha Jhunjhunwala owns a 4.80 per cent stake, Ashish Kacholia owns a 3.31 per cent stake and Mukul Agrawal owns a 1.55 per cent stake in the company. On Friday, shares of the company gained 8.32 per cent to Rs 1,210.80 per share from its previous closing of Rs 1,117.75 per share with a spurt in volume by more than 1.10 times on BSE. The stock gave multibagger returns of over 160 per cent from its 52-week low of Rs 532 per share and a whopping 2,000 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.
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