Shares of the company have gained more than 130 per cent in the last six months.

The stock gave multibagger returns of 220 per cent in just 1 year whereas BSE Sensex Index is up by 18.20 per cent.

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At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 200.50 points or 0.28 per cent.

The stock gave multibagger returns of 125 per cent in 6 months while the BSE Sensex Index is 13.3 per cent.

 The overall change for the day stood at 123.95 points, representing a modest increase of 0.57 per cent.

Over the medium term, the group intends to invest capex of Rs 350 crore, of which approximately Rs 200 crore will be funded by bank loans and the remainder by the issuing of warrants, preferential allotment, and internal accruals. In FY23, the company made its largest-ever capital expenditure investment of Rs 212 crores.

The broader market sentiment appeared slightly pessimistic, with 919 stocks advancing against 1136 stocks declining.

In the September quarter (Q2FY24), FIIs increased their stake from 0.19 per cent to 0.26 per cent.

Consumption and investment are the two drivers of the India growth story, says Yogesh Patil, CIO (Equity), LIC Mutual Fund Asset Management Limited