1:1 Bonus Share: Multibagger Metal Stock Declares 37.81% Jump In Q2 Net Profit, Buy?

Board of directors of small cap stock from metals sector, Raghav Productivity Enhancers Ltd today recommended 1:1 bonus share with record date fixed as November 15, 2024. Last trading price of Raghav Productivity shares on BSE is Rs 1265.15 per share with decline of 4.56% in trade today. However, Raghav Productivity Enhancers shares today hit 2nd consecutive 52-week high. The company's market capitalisation stood at Rs 2903.85 crore. Raghav Productivity shares offered return of 111.71% in last 6-months. The company today declared a surge of 37.81% in its consolidated net profit for the quarter ended September 30, 2024 as against Rs 634.61 crore declared in the similar quarter of last year. Check details below:

Raghav Productivity Recommends Bonus Share: As per the exchange filing of Raghav Productivity dated October 18, 2024, "considered and approved the proposal for issue of bonus equity shares to the members of the company by capitalization of Securities Premium account in the ratio 1:1 i.e. 1 bonus equity shares of Rs. 10/- for every 1 existing equity shares of Rs. 10/- each held by the members on the record date as on 15th November, 2024 for the purpose subject to approval of Shareholders of the Company through Postal Ballot."

Raghav Productivity Q2 Results: The company declared its total consolidated revenue from operations at Rs 4950.07 crore for the quarter ended September 30, 2024 as against Rs 3255.06 crore. Total expenses for September 2024 quarter stood at Rs 3817.71 crore from Rs 2390.13 crore declared in September 2023. EPS of the company for September 2024 quarter came at Rs 3.81 from Rs 2.76 in September 2023 quarter.

Raghav Productivity Shares Performance: The 52-week high price of Raghav Productivity shares on BSE is Rs 1394.60 per share (as on 18/10/2024) and 52-week low price is Rs 532.00 per share (as on 13/03/2024), respectively. Raghav Productivity shares gained 40% in last 3-months, soared 96% in last 1-year, and jumped 308% in last 2-years. In last 5-years, Raghav Productivity shares gained 2081%.

Should You Buy Raghav Productivity Shares? According to AR Ramchandran, Independent SEBI Research Analyst, "Raghav Productivity stock price is overbought yet bullish on the daily charts with next resistance at 1614. Investors should be booking profits at current levels as a Daily close below support of 1240 could lead to a target of 1009 in the near term."

Raghav Productivity About: It is a leading stone supplier. Raghav Productivity is engaged in the manufacturing and exporting of ferro alloys, ramming mass, silica ramming mixes, and pig iron, among others. The small cap company came into existence in 2009.

Disclaimer:

The stock has been picked from the brokerage report of AR Ramchandran. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.