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Promoters bought 3,00,000 shares of this multibagger pipes and tubes company via preferential issue; Announces capex worth Rs 175 crore for next phase of growth!
Promoters bought 3,00,000 shares of this multibagger pipes and tubes company via preferential issue; Announces capex worth Rs 175 crore for next phase of growth!

Promoters bought 3,00,000 shares of this multibagger pipes and tubes company via preferential issue; Announces capex worth Rs 175 crore for next phase of growth!

The stock gave multibagger returns of 161 per cent in just 1 year whereas BSE Small-Cap Index is up by 64 per cent.

Kiran Shroff Article rating: 4.0

The company has a market cap of over Rs 3,700 crore and reported positive numbers in its quarterly results (Q3FY24), nine-month results (9MFY24) and annual results (FY23).

 

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