Shares of TGV Sraac opened today at Rs 158.50, up by roughly 4 per cent from the previous closing. After a sharp fall in the stock price on October 24 to Rs 143.60, the stock bounced back by 10 per cent in just two trading sessions.

RPEL produces quartz-based ramming material, quartz powder, and tundish board. Products are marketed and sold under the Raghav brand name.

The first quarter of FY22 saw an increase in revenue of 115 per cent compared to the same period a year before, as well as an increase of 12 per cent compared to the previous quarter.