The company has a good return on equity (ROE) track record: a 3-year ROE of 32.4 per cent and has been maintaining a healthy dividend payout of 32.3 per cent.

The stock gave multibagger returns of 530 per cent in 3 years, 1,140 per cent in 5 years and a whopping 9,650 per cent over a decade.

The company has a market cap of over Rs 1,000 crore and has reported positive numbers in its quarterly results and annual results. The stock gave multibagger returns of 615 per cent in 3 years, 955 per cent in 5 years and a whopping 6,700 per cent over a decade.

Shares of GRM Overseas, the top BSE Smallcap gainer, soared almost 20 per cent, keeping small-cap bulls active.  

The fourth-largest sector of the Indian economy is fast-moving consumer goods (FMCG). India is probably going to be the fifth-largest FMCG market by 2025. From US$ 110 billion in 2020, the FMCG market in India is projected to grow at a CAGR of 14.9 per cent to US$ 220 billion by 2025.  

BSE Smallcap index underperformed broader markets to end at 24,786.42, down by 0.54 per cent.

BSE Smallcap index slipped 0.56 per cent, ending at 28,756.97.