Multibagger penny stock under Rs 40: This micro-cap company is placing 20 vehicles at Bidadi Plant of Hindusthan Coca-Cola Bewerage Pvt Ltd; know more here!

The share of the company has a PE of 8.79x and an ROCE of 20 per cent.

Frontline Corporation Ltd roars into high gear! The company announced the addition of 20 new dedicated vehicles to our fleet, strategically stationed at Hindustan Coca-Cola's Bidadi Plant. This expansion, secured through a smart financing partnership with Sundaram Finance, is a major win for operational efficiency and customer satisfaction.

These cutting-edge trucks will streamline deliveries, ensuring Coca-Cola's refreshing beverages reach their destination faster and smoother than ever. This strategic investment fuels Frontline's growth and commitment to excellence, paving the way for a delightful future for both companies. Buckle up, and get ready for a smoother, tastier ride!

On Friday, shares of Frontline Corporation Ltd hit 5 per cent to the upper circuit to Rs 38.45 per share from its previous closing of Rs 36.71. At the closing bell, shares of the company were trading at Rs 37.98 per share, up 3.46 per cent. The stock’s 52-week high is Rs 54.91 and its 52-week low is Rs 21.50.

Founded in 1989, Frontline Corporation Ltd. is a multifaceted Indian company with a diverse portfolio ranging from transportation and wind energy to automotive parts, real estate, and fuel distribution. They manage a fleet for Coca-Cola, hold dealerships for Bosch and Mahindra automotive parts, run a petrol pump, and offer fleet leasing and trailer rentals to major clients like Reliance and L&T, solidifying their presence in various industries.

The share of the company has a PE of 8.79x and an ROCE of 20 per cent. The stock gave 55 per cent returns in 1 year and over 100 per cent in 2 years.

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