Stock to buy, Sept. 11 -- Shares of Ratnaveer Precision Engineering Limited ended 7% lower on Friday. The steep correction in the small cap stock was followed by a sharp rally in the stock over the past two trading sessions. The Gujarat-headquartered manufacturer is likely to benefit from its backward integrated operation, improving credit profile and solar manufacturing hardware, according to Choice Equity Broking, which sees a 27.8% upside potential in the stock.

The company, on Thursday, had announced that its Rs.329.99 crore rights issue closed with an overall subscription of 1.11x. The rights issue included 1,24,99,669 fully paid-up equity shares at Rs.264 per share. These rights equity shares will be credited to demat accounts and ...