Penny Stock Below Rs 20 Receives Bulk Order for French Fries from Major US-Based Food Service Distributor

The stock is up by 74 per cent from its 52-week low of Rs 10.11 per share.

Himalaya Food International Ltd has secured a significant bulk export order for its Himalaya French Fries from a major US-based food service distributor. Five containers of these French Fries, packed in 30 lbs Himalaya-branded boxes, are scheduled for shipment next week, marking a robust beginning for the company's French Fry exports. To fulfil this order, Himalaya Food International has contracted production with a quality manufacturer in Gujarat, maintaining its strict quality control until its own French Fry production line becomes operational later this year.

Himalaya Food International Ltd, founded in 1992 and operating from two ISO 22000-certified facilities in India, is a frozen and canned food processor specialising in mushrooms and IQF ready-to-eat products. Under the "Himalaya Fresh" brand, they cultivate mushrooms and manufacture a variety of natural, vegetarian items, including cheese, sweets, and appetisers, which are exported to the USA and sold domestically, utilising quick chilling and freezing to preserve quality.

The company has a market cap of Rs 98.3 crore with a low PE of 18x whereas the industry PE is 34x. The stock is up by 74 per cent from its 52-week low of Rs 10.11 per share.

Disclaimer: The article is for informational purposes only and not investment advice.