PE at 18! Small-cap stock hits 52-week high logging 14% intraday gain

Ratnaveer Precision Engineering reported Q1 FY27 revenue of Rs 318 crore, up 20% year-on-year from Rs 265 crore, with profit after tax rising 21% to Rs 18 crore. The strong results pushed the stock to a 52-week high of Rs 204, logging a 14% intraday gain. Additional positives included a credit rating upgrade by Infomerics, in-principle approval for a Rs 330 crore rights issue, and around 60% completion of its Rs 472.34 crore Copper Clad Laminate project, with commercial production targeted for November 2026.