Raghuvir Synthetics stock has outperformed peers in last six months

In the last six months, the stock of Raghuvir Synthetics has delivered 2,455% returns to shareholders. The penny stock, which was at Rs 19.33 on June 4 this year, rose to a 52 week high of Rs 494.05 on the BSE today. An amount of Rs 1 lakh invested in the Raghuvir Synthetics stock six months ago would have turned into Rs 25.55 lakh today.

The Sensex has risen 8.91% during the period. The small cap stock has gained 177.79% in the last 21 sessions. The stock opened with a gain of 4.99% at Rs 494.05 and was stuck in the upper circuit of 5% for the rest of the session.

Raghuvir Synthetics stock is higher than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The firm's market cap rose to 1,914 crore. On the BSE today, total 5,824 shares of the firm changed hands, giving it a turnover of Rs 28.77 lakh.

The share hit a 52 week low of 17.15 on April 7, 2021, hitting a 52 week low of Rs 17.15. The stock has gained 1,792% in a single year and has gone up 2,292% since the beginning of the year. In a month, the stock has rallied 164.62%.

Four promoters held a 74.91% stake or 29.02 lakh shares and 3,831 public shareholders owned 25.09% or 9.72 lakh shares of the company in the quarter ended September 2021, according to four promoters.

In 2.5 years, this penny stock went from 35 to 150.

3,768 public shareholders had individual share capital of up to 2 lakh and 7.45 lakh shares or 19.25% stake at the end of the September quarter.

In the last quarter, four shareholders had a share capital above Rs 2 lakh and held 1.42 lakh shares or 3.68% of the firm.

The firm had a 57.40% rise in net profit at Rs 2.66 crore for the quarter ended September against the 1.69 crore profit for the corresponding quarter of last fiscal year. It reported revenue of 60.05 crore for the quarter ended September 2021 against Rs 44.37 crore sales in Q 2 of last fiscal year.

In March 2020 the net profit went up by 50% to 5.89 crore, compared to 2.48 crore in the year 2020.

In the last six months, the stock of Raghuvir Synthetics has outperformed its peers in terms of market returns. The Trident share has gained 192%, but the share of Page Industries has gone up 23.79% in the last six months.

The share of another peer KPR Mill has gained 67.43% during the period. Welspun India stock has a rally of 49.32% in the last six months.

Raghuvir Synthetics is one of the largest textile processing companies in the world. The product range of the company includes bed linen beddings, curtains, towels, kitchen products, upholstery rang and 100% cotton patch work quilts.