Ratnaveer Precision Engineering shares surged as much as 5% during Monday's trading session, hitting a new record high of ₹314.90 despite weak trends on Dalal Street. According to reports from Live Mint, the multibagger stock opened at ₹297 per share compared to the previous close of ₹294.95 on Friday last week. The stock has demonstrated exceptional performance with 13.61% returns in a week and 70% in a month, while delivering multibagger returns of 101.58% on a year-to-date basis and 118.36% in a year. As of August 31, 2026, the stock is trading at ₹306 with a market capitalization of ₹2,185.8 crore. The stock's P/E ratio stands at 32.3 and P/B ratio at 3.2, reflecting its premium valuation in the current market conditions.
The surge comes ahead of the company's proposed ₹329.99 crore Rights Issue, where eligible shareholders will get an opportunity to subscribe to additional equity shares at an issue price of ₹264 per share. As reported by Live Mint, the issue comprises up to 1,24,99,669 fully paid-up Equity Shares and will be offered in a ratio of 7 Rights Equity Shares for every 40 fully paid-up Equity Shares held by eligible shareholders as on the Record Date of August 26, 2026. Under the 7:40 entitlement ratio, an investor holding 400 shares would be entitled to apply for 70 Rights Equity Shares, requiring an application amount of ₹18,480 at the issue price. The stock's 52-week high stands at ₹314.9 while the 52-week low is ₹130, indicating significant volatility and strong recent performance.
According to the company disclosure, Rights Entitlements (REs) will be available for on-market trading or renunciation from September 2, which is also the Issue Opening Date. As reported by Live Mint, the last date for on-market trading or renunciation of the REs is September 3. Eligible shareholders will have the option to subscribe to their entitled shares, apply for additional Rights Equity Shares, or renounce their Rights Entitlements, subject to the terms and conditions of the issue. The Rights Entitlements will be credited in dematerialised form to eligible shareholders' demat accounts under a separate RE ISIN. The company has also received approval from the Board Meeting held on August 26, 2026, for the schedule of Right Issue, approval for Letter of Offer and issue-related materials, along with noting of allotment of ISIN for the purpose of credit of Right Entitlement.
