Rekha Jhunjhunwala; Ashish Kacholia and Mukul Agrawal's Multibagger share portfolio hits 52-week high as board announces 1:1 bonus tranche

The stock has delivered multiple returns of over 160 percent from its 52-week low of Rs 532 per share and a whopping 2,000 percent in 5 years.

On Friday, shares of Raghav Productivity Enhancers Ltd gained 5.20 percent and hit a new 52-week high of Rs 1,394.60 per share from the previous close of Rs 1,325.55. At close, the company’s shares were trading at Rs 1,265.15 per share, down 4.56%, with more than 3 times volume increase due to BSE.

Raghav Productivity Enhancers Ltd announced a bonus issuance of shares in a 1:1 ratio. The shares will be issued from the company’s 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 company specializing in quartz-based products. They produce compacted mass, quartz powder and intermediate plate, marketed under the brand name “Raghav”. RPEL serves key players in the steel industry such as RL Steel, Mahalakshmi TMT and Varsana SPA by supplying them with essential materials such as compaction mass, silica and quartz compaction mixtures. The company has a market capitalization of over Rs 2,900 crore and has maintained a healthy position dividend payment of 30.1 percent.

DSIJ’s ‘Tiny Treasure’ service recommends searches Small cap stocks with inherent growth potential. If this interests you, download the service details here.

As of September 2024, Rekha Jhunjhunwala owns a 4.80 percent stake, Ashish Kacholia owns a 3.31 percent stake and Mukul Agrawal owns a 1.55 percent stake in the company. On Friday, the company’s shares rose 8.32 percent to Rs 1,210.80 per share from the previous close of Rs 1,117.75 per share with an increase in volume of over 1.10 times due to BSE. The stock gave multibagger returns of over 160 percent from its 52-week low of Rs 532 per share and an impressive 2,000 percent in 5 years. Investors should keep an eye on these small-cap stocks.

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