Penny Stock Under Rs 60: Company Receives Order Worth Rs 25,00,00,000 From Ministry of Defence

The company has a market cap of over Rs 100 crore and the stock is up by 12 per cent from its 52-week low of Rs 52 per share.

Leo Dryfruits & Spices Trading Limited, a company holding ISO 22000:2018 and ISO 9001:2015 certifications, has secured a substantial order from the Canteen Stores Department, an enterprise under the Ministry of Defence, Government of India, for the supply of Spices, Ghee, and other Food Products. While the contract has finalised rates, the exact quantities will be determined through individual Purchase Orders issued over the one-year contract period, with the Company anticipating total orders of approximately Rs 25 crore within the initial twelve months. This significant win from a domestic entity underscores the confidence in the Company's quality and service, and is expected to positively influence its business operations, bolster its market presence, and foster future growth opportunities.

Earlier, the company has secured a significant one-year contract with the prestigious Taj group of Hotels, operating under Indian Hotels Limited, for the supply of Dry Fruits, Spices, and other Food Products; while the pricing for these items has been agreed upon, the specific quantities to be supplied will be determined through individual Purchase Orders issued throughout the duration of the contract.

Established in November 2019, Leo Dryfruits & Spices Trading Limited operates in the manufacturing and trading sectors, specialising in a diverse range of spices and dry fruits, along with frozen and semi-fried products and other grocery items, all marketed under their established brands "VANDU" and "FRYD."

On Tuesday, shares of Leo Dryfruits & Spices Trading Limited surged 2 per cent to Rs 56.10 per share from its previous closing of Rs 55 per share. The company has a market cap of over Rs 100 crore and the stock is up by 12 per cent from its 52-week low of Rs 52 per share.

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