1:1 bonus share likely & Rs 1000,00,00,000 capex by FY25 announced by this multibagger FMCG company; don’t miss the action!
The stock gave multibagger returns of 230 per cent in 3 years and a whopping 2,900 per cent in a decade.
Gujarat Ambuja Exports Ltd, founded in 1991, is a manufacturer of corn starch derivatives, soya derivatives, feed ingredients, cotton yarn, and edible oils, serving the food, pharmaceutical, feed, and other industries with a focus on long-term growth in the agro-processing sector.
GAEL is notifying its members that the Register of Members and Share Transfer Books will be closed from March 9, 2024 to March 015, 2024 for recording members eligible for a 1:1 bonus share issue, subject to shareholder approval via postal ballot. the investor will receive an additional bonus share if approved.
Capex plans to solidify its hold in the high-margin maize processing segment by expanding capacity from 4,000 to 6,000 tonnes per day by 2025, including a new 900 TPD facility in Gujarat. Additionally, they're venturing into starch fermentation with a Rs 1,000 crore investment over 5 years, targeting better margins and a first product launch in FY25. Their total capex plan for the next 5 years is 1,700 crores, allocated mainly towards maize processing expansion and the new fermentation venture. Notably, all their existing maize processing plants are strategically located in major maize-growing areas.
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On Friday, shares of Gujarat Ambuja Exports Ltd gained 1 per cent to Rs 408.80 per share from its previous closing of Rs 404.80 with an intraday high of Rs 416 and an intraday low of Rs 405.30. The stock has a 52-week high of Rs 420.75 and a 52-week low of Rs 224.20.
Talking about the financials, GAEL has a market cap of Rs 9,375 crore with a 3-year stock price CAGR of 48 per cent. The company reported positive numbers in its Quarterly Results and annual results. In Q3FY24, net sales rose by 15 per cent and net profit rose by 23 per cent compared to Q3FY23.
The stock gave multibagger returns of 230 per cent in 3 years and a whopping 2,900 per cent in a decade. Investors should keep this mid-cap multibagger stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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