The strength of this breakout was emphasized by robust volume, exceeding four times the 30-day average volume of 4.51 lakhs shares per day, indicating substantial participation in the direction of the trend.

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A pivotal catalyst for the stock in the short term is the imminent inauguration of a new facility in Pakhajan, Dahej, boasting a capacity of 17,500 MT. Strategically focused on the production of Lubricant and rubber chemicals, Phase 1 is anticipated to yield revenue ranging between Rs 550-600 crore

As of March 31, 2023, PEL held an unexecuted order book worth Rs. 63.90 crore. Subsequently, from April 01, 2023, onward, the company secured an additional order valued at Rs. 4.57 crore

The market cap stands at a robust Rs 114 crore, harmonizing with a modest PE ratio of 13.6x. Adding to this financial symphony is a substantial reserves of Rs 64 crore gracing the balance sheet.

Electric vehicle (EV) volumes surging to 180,000 units, marking an impressive 23 per cent YoY increase. Company's strategic positioning within the EV market has been a catalyst for its success, driven by collaborations with industry leaders such as Ola and TVS. The company's expansion in the EV segment is further underscored by the addition of new customers, including Raptee, Polaris, and Numerus.

Agrawal's strategic positioning in the stock has became the talk of the town, commanding attention with a 2.51 per cent stake, a formidable 6,00,000 shares. Adding to the intrigue, the notable investor Dolly Khanna held 7,51,451 shares, accounting for 3.14 per cent of the company's equity.

The real stunner lies in its one-year performance, where it has notched up multibagger returns, soaring to an astounding 145 per cent

The stock experienced its fourth consecutive circuit on Thursday. The stock surged nearly 5 per cent to Rs 71.71 and also reached a fresh 52-week high.

The stock drew special attention as its stock soared by almost 10 percent, locking in an upper circuit on Thursday.