Multibagger stock under Rs 250: This company has commissioned the production of maize processing greenfield project!

The company now has a total of 4000TPD Maize processing capacity.

On March 27, 2023, Gujarat Ambuja Exports Limited informed in the exchange filing that the Company has successfully commissioned production at the 1200TPD Maize Processing Greenfield Project at Malda, West Bengal. The company has now a total of 4000TPD Maize processing capacity.

Earlier, the company entered into a Memorandum of Understanding (MOU) with the Government of Gujarat to set up a 900 TPD Greenfield Corn Wet-Milling Plant at Himmatnagar, Gujarat.

Gujarat Ambuja Exports is engaged in the manufacturing of Corn Starch Derivatives, Soya Derivatives, Feed Ingredients, Cotton Yarn, and Edible Oils. Since its incorporation in 1991, GAEL strives to serve the Food, Pharmaceutical, Feed, and many other industries with a long-term growth strategy in the Agro-Processing sector.

Gujarat Ambuja Exports Limited has delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 52.73 on March 27, 2020, to Rs 233.35 on March 27, 2023, an increase of more than 300 per cent in three years holding period.

Today, the stock opened at Rs 237.10, with a high and low of Rs 238 and Rs 229.05. The stock previously closed at Rs 239.65. The stock closed trading today at Rs 231.70, down by 3.32 per cent.

The stock has a 52-week high of Rs 393.85 and a 52-week low of Rs 215.55. The company has a market capitalisation of Rs 5,313 crore.