Multibagger stock, Aug. 31 -- Ratnveer Precision Engineering share price surged as much as 5%, hitting a new record high of Rs.314.90 during Monday's trading session ahead of the rights issue.

The multibagger stock opened at Rs.297 per share today, as compared to the previous close of Rs.294.95 on Friday last week.

Ahead of the company's proposed Rs.329.99 crore Rights Issue, market activity has gained attention as eligible shareholders are set to get an opportunity to subscribe to additional equity shares at an issue price of Rs.264 per share.

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 ...