From Rs 2.66 per share (52-week low) to Rs 5.37 per share, the stock gave multibagger returns of over 100 per cent.

The venture will establish a manufacturing facility to produce gas meters. It will assemble and manufacture SKD and FM gas meters, and sell, distribute, and supply gas meters, HHU, and DCU. It will also assemble, manufacture, sell, distribute, and supply other meters, including water and utility meters.

The company has been maintaining a healthy dividend payout of 23.9 per cent with a dividend yield of 2.67 per cent. The stock has an ROE of 21 per cent and a ROCE of 27 per cent.    

Shares of Indraprastha Gas Ltd, Ramkrishna Forgings Ltd and Sandur Manganese Iron Ores Ltd have rallied in today’s trading session.

While markets opened marginally higher, as of noon, Sensex declined by 0.88 per cent.