Heavy Buying Stock Under Rs 70: This Microcap Company Signed Agreement with PRAN Beverages; Stock hits Upper Circuit Today!
The company’s shares have delivered an impressive return of over 300 per cent in the past 3 years.
Incorporated in 1991, Sampre Nutrition Ltd produces a wide range of sugar confectionery products, including éclairs, candies, toffees, powders, and center-filled items.
The company has recently signed a manufacturing agreement with PRAN Beverages (India) Private Limited, based in New Town, Kolkata, effective from August 1, 2024. This agreement involves the production and sale of Ayush, nutraceutical, and confectionery food products. Sampre Nutrition expects to receive monthly orders of 200 tons, valued at Rs 3 crore, with an estimated annual order value between Rs 25 crore and Rs 30 crore.
The company’s product lineup includes Just Coffy, Creem Zone Candy, Candy Nutri, Eclairs, Toffees, and Fruit Flavored Candy. It boasts a renowned clientele comprising P&G, Cadbury, Nestle, Ranbaxy, Dabur, Bvqi, Network Foods, Parke Davis, HLL, Kraft Asia, Wrigley, PT Mayora, Micronutrient Initiative, and Mondelez International.
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Sampre Nutrition Ltd shares closed at around Rs 69.83 per share. The company’s current market capitalization stands at Rs 50.77 crore. The stock has delivered a return of over 300 per cent in the past 3 years.
As per the Quarterly Results, in Q4 FY24, Sampre Nutrition Ltd recorded a revenue of Rs 4.76 crore. The operating profit for Q4 FY24 stood at Rs 2.11 crore. The net profit for Q4 FY24 was Rs 0.55 crore. Looking at the annual performance, the company generated a revenue of Rs 25.15 crore in FY24. The operating profit for FY24 was Rs 4.20 crore with a net profit of Rs 0.31 crore.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.