Rakesh Jhunjhunwala’s estate cuts stake in low-debt small-cap; check details
DSIJ Intelligence / 15 May 2026 / Categories: Mindshare, Trending
The Estate of Late Rakesh Jhunjhunwala sold over 6.17 lakh shares of Raghav Productivity Enhancers through a bulk deal, while Rekha Jhunjhunwala held a 4.36% stake in the company as of March 2026
Indian equity benchmark indices traded higher on Friday, with the benchmark Nifty 50 index rising 0.57 per cent to 23,825.60 during the session. Despite the positive broader market sentiment, shares of Raghav Productivity Enhancers remained under pressure after a bulk deal involving the estate of late Ace Investor Rakesh Jhunjhunwala. On Friday, Raghav Productivity Enhancers' share price declined 2.65 per cent to Rs 799.75.
Bulk Deal Update
According to NSE bulk deal data, the Estate of Late Mr Rakesh Jhunjhunwala sold 6,17,299 shares of Raghav Productivity Enhancers on May 14, 2026. The transaction was executed at an average price of Rs 754.85 per share through a bulk deal on the NSE.
As per the March 2026 shareholding pattern, ace investor Rekha Jhunjhunwala held a 4.36 per cent stake in the company. Promoters held 62.91 per cent stake, while FIIs held 0.36 per cent stake in the company.
Share Price Performance
Shares of Raghav Productivity Enhancers have remained volatile in recent months. The stock declined 12.92 per cent over the past month and fell 20.16 per cent during the last six months. However, on a one-year basis, the stock delivered a positive return of 14.94 per cent.
The company currently commands a market capitalisation of around Rs 3,674 crore. Raghav Productivity Enhancers has delivered strong long-term profitability growth, with profit growing at a CAGR of around 43.1 per cent over the last five years.
About Raghav Productivity Enhancers
Raghav Productivity Enhancers is engaged in the manufacturing and processing of high-quality ramming mass, quartz and silica-based products used across various industrial applications. The company caters to sectors including steel, glass, ceramics, foundry and Construction materials.
The company exports its products to multiple international markets and continues to focus on capacity expansion, product diversification and strengthening its global customer base. Raghav Productivity Enhancers has also built a strong presence in the silica and quartz processing segment through consistent operational growth and industry-focused product offerings.
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Disclaimer: This article is for informational purposes only and not investment advice.