The second name is Madhuri Madhusudan Kela, the wife of ace investor Madhusudan Kela, who purchased 10,72,000 shares of the company. The stock has delivered multibagger returns of approximately 274 per cent in the past year.

The manufacturing unit in MP is expected to turn profitable in the forthcoming financial year, offsetting initial costs incurred in training a large number of employees and bringing them to productive levels. Furthermore, the fabric processing unit in Tamil Nadu is in advanced stages of completion, with expectations of trial production in Q4 2024.

Company is slated to participate in an Analyst/Investor meet on Tuesday, December 19, 2023, featuring notable entities such as Alchemy, Edelweiss, Mirabilis, Moneybee, Bay Capital, Alpha Accurate, Electrum Capital, JM PMS, Pidilite Family Office, Sahasrar Capital, Incred, and Mahindra MF.