Penny stock at Rs 30 jumps after bagging domestic orders worth Rs 6,68,00,000; Details inside
The stock is up by 39.5 per cent from its 52-week low of Rs 19.56 per share.
Rajshree Polypack Limited has successfully secured domestic orders totalling Rs 6.68 crore, demonstrating significant demand for their packaging solutions. These orders include the supply of plastic rigid sheets to a wholly owned Indian subsidiary of a Swiss-based packaging giant, valued at approximately Rs 1.38 crore and to a large packaging manufacturer listed on the Indian Stock Exchange, majorly owned by a Finnish packaging giant, for around Rs 1.67 crore. Both these orders for plastic rigid sheets are to be fulfilled by June 2025, or as mutually agreed upon.
Furthermore, Rajshree Polypack has also bagged orders for customised packaging products. This includes an order worth approximately Rs 2.79 crore from one of India's largest consumer brands in the Food & Beverage industry, part of a top Indian conglomerate, for beverage packaging. Additionally, a leading supplier of Ready-to-Eat (RTE) and Ready-to-Cook vegetarian packaged food products to global supermarket chains and various institutions has placed an order for RTE packaging valued at approximately Rs 84 lakh. Both these customised packaging orders are also slated for fulfilment by June 2025, or as per mutual agreement.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Rajshree Polypack Ltd, established in 2011, is a leading manufacturer of plastic packaging solutions. Specialising in barrier plastic sheets, thermoformed packaging and injection moulded products, the company caters to the dairy, food and beverage industries. Their product range includes polypropylene, high barrier sheets, PET, HIPS, laminated sheets and packaging solutions for various sectors. With three manufacturing units and a capacity of 25,000 MT, Rajshree Polypack serves renowned clients like Epigamia, Nestle, Havmor, Mother Dairy, Amul, Ferrero, Britannia, Kellogg's, Cafe Coffee Day, Gowardhan, etc.
On Wednesday, shares of Rajshree Polypack Ltd surged 4.40 per cent to Rs 27.28 per share from its previous closing of Rs 26.13 per share. The stock’s 52-week high is Rs 48.50 and its 52-week low is Rs 19.56. The company has a market cap of Rs 194 crore. The stock is up by 39.5 per cent from its 52-week low of Rs 19.56 per share.
Disclaimer: The article is for informational purposes only and not investment advice.