Penny stock at Rs 30 jumps after bagging international orders worth Rs 2,85,00,000 from USA

The stock is up by 37.7 per cent from its 52-week low of Rs 19.56 per share.

Rajshree Polypack Limited has secured an international order from a large USA-based distributor of food packaging, valued at USD 0.34 Mn (approximately INR 2.85 Crs), for the supply of customized Injection Moulding products as per the customer's specifications, with the moulds developed by the company; this order is to be fulfilled by July 10, 2025, or as mutually agreed upon by both parties to meet the required order size.

Furthermore, shares of the company ex-traded split of equity shares in the ratio 2:1, i.e., sub-division/split of equity shares having a face value of Rs 10 each, fully paid-up into 2 equity shares having a face value of Rs 5 each, fully paid-up. The ex-date for the stock split was Wednesday, September 18, 2024.

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 over 5 per cent to Rs 26.93 per share from its previous closing of Rs 25.55 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 198 crore. The stock is up by 37.7 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.