Yet, the plot thickens when examining the institutional landscape. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) have nearly doubled their holdings since April 2021, surging from 9.2 per cent and 13.1 per cent to 18.1 per cent and 25.2 per cent, respectively.

The company's meticulous expansion plan includes Phase I, where a capacity of 40,000 MTPA will come to life at an estimated cost of Rs. 1,125 Crores, operational in 27 to 36 months at Odisha. Importantly, the capital expenditure for this phase will be predominantly sourced from internal accruals, supplemented by debt financing. At full utilization of this capacity, Himadri anticipates generating a revenue that is four times the initial capital expenditure, underlining a robust profitability and returns profile.

The stock gave returns of 525 per cent in a decade.

A broader market analysis reveals a positive sentiment, with 1184 advancing stocks outnumbering the 845 declining stocks.

Shares of the company have gained more than 370 per cent in the last six months.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 211.70 points or 0.31 per cent.

The stock gave multibagger returns of over 140 per cent in 6 months while the BSE Sensex Index is 10.4 per cent.

Company is to increase West Coast capacity to 15 MTPA to cater growing demand and contribute significantly to the nation's infrastructure development

Shares of the company gained more than 100 per cent in the last six months.

The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 13.1 per share.