1400 Per Cent Multibagger Returns: Company Expands Additional Packaging Capacity in Oil Division

On Thursday, shares of the company hit a 2 per cent upper circuit, reaching a new 52-week high of Rs 443.55 per share from its previous close of Rs 434.90 per share.

CIAN Agro, in its press release, mentioned that it is expanding an additional packaging facility in the nearby vicinity of its Oil Division in December 2024.

CIAN Agro, a leading player in the edible oil industry, has significantly boosted its packaging capabilities by entering into a strategic partnership for expansion. This collaboration aims to enhance production efficiency, optimize logistics, and cater to the increasing demand for CIAN's products across domestic and international markets.

The tie-up allows CIAN to leverage the regional firm's advanced infrastructure, including modernized facilities and cutting-edge technology, to expand its packaging capacity. This initiative is expected to reduce operational costs, increase scalability, and ensure timely fulfillment of customer needs. With this strategic move, CIAN aims to improve its market share, strengthen its position in the evolving edible oil industry, and foster regional economic growth through job creation and partnerships.

Stock Price Performance

On Thursday, shares of CIAN Agro Industries & Infrastructure Ltd hit a 2 per cent upper circuit, reaching a new 52-week high of Rs 443.55 per share from its previous close of Rs 434.90 per share. The company has a market cap of Rs 1,241.31 crore and has delivered multibagger returns of over 1,080 per cent in the past one year and over 1,400 per cent in the past five years.

About the Company

CIAN Agro Industries & Infrastructure Ltd is a prominent player in the FMCG industry. Its diverse portfolio, including edible oils, spices, sugar, and personal care products, has established it as a key player in the industry.

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