Gujarat-Based multibagger penny stock below Rs 5: Company completed 3 agro commodity orders totalling Rs 299 crore, Boosting revenue prospects
The stock gave multibagger returns of over Rs 1,300 per cent in just 2 years.
Spright Agro Limited has announced the successful completion of three substantial agro commodity orders, collectively valued at an impressive Rs 299 crore. This significant achievement underscores the company's robust operational capabilities and expanding presence in the high-value agri-trading segment. The timely execution of these large-scale orders is expected to contribute positively to Spright Agro's revenue and profitability in the current financial year, reinforcing its commitment to maintaining high service standards and strengthening its market position within the agro and commodity sectors.
The first order, valued at Rs 102 crore, was executed for Abhaynath Tradelink Private Limited, based in Ahmedabad, Gujarat. This transaction involved the supply of a wide range of agro commodities, showcasing Spright Agro’s proficiency in trading and bulk procurement. Following this, the company successfully fulfilled an agro commodity supply order worth ₹97 crore for Saize Enterprise Private Limited, also located in Ahmedabad. This second transaction further highlighted Spright Agro's strong institutional engagement and efficient logistics execution capabilities, validating its strategic shift towards value-accretive bulk trading opportunities.
Finally, Spright Agro Limited completed a Rs 100 crore agro commodity order for Laxam Commtrade Private Limited, another Ahmedabad-based entity. This transaction represents a crucial step in the company's continued growth within the agri-commodity segment, demonstrating its ability to efficiently manage large-scale orders and adhere to strict delivery timelines. These comprehensive successes in procurement, warehousing, and supply chain execution are anticipated to significantly bolster Spright Agro's financial performance.
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About the Company
Spright Agro Ltd, formerly known as Tine Agro Ltd, is an Indian company established in 1994 that deals in various agricultural products and related activities. Their business encompasses a wide range. They develop industries based on agricultural and forest resources. They also directly participate in farming by planting, growing, and cultivating various crops, including those grown in forests, on plantations, and in greenhouses. Additionally, they import, export, wholesale, retail, and trade in all kinds of agricultural and other commodities, demonstrating their involvement across the entire agricultural supply chain.
The company has a market cap of over Rs 300 crore and the company’s 100 per cent stake is owned by the public shareholders. The stock gave multibagger returns of over Rs 1,300 per cent in just 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.