The stock has rallied 70% in the last 12 months and its returns in 2024, so far stand at 19%. The outperformance over Nifty is more than two-fold over a 1-year period.
Raghav Productivity Enhancers claims to be the world’s largest manufacturer of Silica Ramming Mass which is a high-purity refractory material used to line induction furnaces, shielding them from extreme temperatures and chemical reactions during metal melting, while offering strong thermal and mechanical durability.
Raghav Productivity shares are trading above their 50-day and 200-day simple moving averages (SMA) of Rs 699 and 663, respectively and momentum indicators RSI and MFI as suggested by Trendlyne show it in a highly overbought zone. While RSI is hovering around 81, MFI is placed near the 88-mark.
Raghav Productivity shares today hit a fresh 52 week high of Rs 937 on the BSE, jumping by over 9% on the intraday basis.The stock is also held by other D-Street bulls like Ashish Kacholia and Mukul Mahavir Agarwal. Also Read: 9 smallcap stocks that connect Mukul Agrawal, Vijay Kedia, Ashish Kacholia & Dolly KhannaCiting the latest corporate shareholdings, Trendlyne reported Rekha Jhunjhunwala publicly holding 25 stocks with a net worth of over Rs 39,877 crore. Some of the stocks held by this celebrity investor include Singer India, Delta Corp, Tata Communications, Crisil, DB Realty, Escorts Kubota, Federal Bank, Indian Hotels Company, Tata Motors and Fortis Healthcare among others.
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