Additionally, the company announced a Rs 1,000 million capex plan for its chemical business with commercial operation expected in March 2024.

The stock is up by 50 per cent in 2 years and gave multibagger returns of 190 per cent in 3 years.

The stock gave multibagger returns of 110 per cent in just 6 months whereas BSE Industrials Index is up by 47 per cent.

The stock gave multibagger returns of 210 per cent in just 1 year, 375 per cent in 2 years and a whopping 1,800 per cent in 3 years.

The company reported positive numbers in its quarterly results and annual results. In FY23, the company ex-traded bonus shares in the ratio of 2:1 and stock split from a face value of Rs 10 to a face value of Rs 1.

Additionally, the company approved raising funds up to Rs 12,000 crore from the domestic market through the issue of secured/unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during the financial year 2024-2025 in one or more tranches/offers subject to the approval of shareholders of the company.

On Friday shares of the company surged by 18.02 per cent and reached its upper circuit of 483.75.

RPEL produces quartz-based ramming material, quartz powder, and tundish board. Products are marketed and sold under the Raghav brand name.

 On Wednesday, shares of Aegis Logistics zoomed by almost 8 per cent from its opening price to its high of Rs 292.25. 

The first quarter of FY22 saw an increase in revenue of 115 per cent compared to the same period a year before, as well as an increase of 12 per cent compared to the previous quarter.