Penny Stock Under Rs 60: Company Receives Order Worth Rs 3,00,00,000 From EIH Ltd

The company has a market cap of over Rs 100 crore and the stock is up by 11 per cent from its 52-week low of Rs 52 per share.

Leo Dryfruits & Spices Trading Limited, holding ISO 22000:2018 and ISO 9001:2015 certifications, has been awarded a significant domestic order from EIH Limited for its units Trident Hotel, Oberoi Hotels & Resorts, and Oberoi Flight Services in Mumbai, with the branch located at D-48, APMC Market 1, Phase II, Vashi, Navi Mumbai, Thane, Maharashtra 400 705; while the rates for the Spices and Dry Fruits to be supplied have been finalized, the quantity will be determined through individual Purchase Orders issued over a one-year contract tenure, and the Company anticipates receiving total orders amounting to approximately Rs 3 crore during this initial twelve-month period.

Earlier, the company had 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.

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 4.1 per cent to Rs 57.75 per share from its previous closing of Rs 55.48 per share. The company has a market cap of over Rs 100 crore and the stock is up by 11 per cent from its 52-week low of Rs 52 per share.

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