Keep a close eye on this coffee stock which continues to strengthen its order book!

Since its IPO in October 2020, the company has surged more than 430 per cent from its listing price of Rs 10.28

On Thursday, amid some weakness in Nifty and Sensex, Vintage Coffee And Beverages Ltd showed some strength as it gained more than 2.5 per cent to make an intraday high of Rs 55 apiece.   

The scrip informed the exchange of some development in their business. According to the press release, the company has bagged a contract to supply instant coffee for a prominent brand from South East Asia, which could enable the company to strengthen its position in the large South East Asian coffee market.  

This order value amounts to Rs 17.60 crore, which is an addition to large contracts secured to supply instant coffee to Russia and Europe. The company is also in talks with customers in Europe and West African countries for the supply of instant coffee in consumer packs, which will significantly improve the turnover.  

Vintage Coffee And Beverages Ltd is a holding company of Vintage Coffee Private Ltd, an export-oriented unit incorporated in 2015 in Hyderabad and the instant coffee plant was commissioned in a record 12 months time, in Mahbubnagar district on 23 acres of land. The 1.50 lakh square feet factory is equipped with the latest state-of-the-art technology to manufacture both spray-dried and agglomerated instant coffee. The company has made significant investments in QA and QC processes coupled with customer care initiatives.  

Since its IPO in October 2020, the company has surged more than 430 per cent from its listing price of Rs 10.28. Moreover, in the last 5 trading sessions, the company has shown some positive traction giving more than 12 per cent returns. Keep a close eye on this trending stock.