Shares of Raghav Productivity Enhancers, a small cap company, surged by 12% this morning, reaching Rs 670 on the BSE, marking a new 52-week high. The company currently boasts a market capitalization of Rs 1525 crore.
Impressive 1600% Growth
The company’s shares have climbed an impressive 145% from their 52-week low of Rs 275.60 in October 2022. Furthermore, they have experienced remarkable growth of 1600% since the onset of the Covid pandemic. This year alone, Raghav Productivity Enhancers’ shares have risen by 50%.
30% Jump in Just One Month
In the past month, the stock of this multibagger company has surged by 30%.
It’s worth noting that Raghav Productivity Enhancers has been steadily reducing its debt and is nearly debt-free at the moment.
However, a cause for concern is the decreasing stake of the company’s promoters.
Prominent Investors Backing the Company
Notable investors have shown interest in Raghav Productivity Enhancers, with Rekha Rakesh Jhunjhunwala holding a 5.12% stake, Ashish Kacholia holding 2.02%
and Mukul Mahavir Aggarwal holding 1.55%. Collectively, these three investors possess an 8.69% stake in the company as of September 2023.
