The rationale behind these strategic moves is multifaceted. It aims to foster better business synergies and secure a competitive advantage in the market also capacity expansion is a response to the increasing demand for the company’s products.

The company is also planning to start battery storage manufacturing to enter the electric vehicle market. In March, it secured a deal with Solar Energy Corporation of India for a battery energy storage project.

Shares of the company have gained more than 25 per cent in the last one year.

The stock gave multibagger returns of over 345 per cent in just 3 years whereas BSE Sensex Index is up by 51.9 per cent, BSE Power Index is up by 177.9 per cent and BSE Utilities Index is up by 160.4 per cent.

The stock gave multibagger returns of over 350 per cent in just 3 years whereas BSE Sensex Index is up by 53 per cent, BSE Power Index is up by 175 per cent and BSE Utilities Index is up by 166 per cent.

The stock is up by 80 per cent in 1 year and gave multibagger returns of over 200 per cent in 3 years.

Apollo Hospitals Enterprise Ltd, one of India's leading healthcare providers, is gearing up for a massive expansion drive with a capex plan of Rs 3,435 crore to add 2,285 beds over the next 3-4 years. This ambitious move is a bullish bet on the future of Indian healthcare, which is poised to grow rapidly in the coming years.

The stock gave multibagger returns of 250 per cent in just 2 years and over 1,970 per cent returns in 3 years.

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.