2,150 per cent returns: This multibagger micro-cap company signs MoU with JH & Company; shipments to the US Market to start in October 2023!
The stock gave multibagger returns of 335 per cent in 2 years, 450 per cent in 3 years and a whopping 2,150 per cent in a decade.
Kings Infra Ventures Limited, a seafood company, is set to begin exporting Vannamei shrimps to the US market in October 2023. The company has signed a Memorandum of Understanding (MoU) with JH & Company, a US-based importer and distributor of Vannamei shrimps.
Under the MoU, Kings Infra will initially export 5-8 containers of IQF PD shrimps per month to the US. This volume will be scaled up to 100 containers per annum in the next financial year. To meet the export demand, Kings Infra will augment its processing capacity at its plant in Thoothukudi, Tamil Nadu. The company will also produce goods in Retail IQF packing either at its own plant or other factories approved by JH & Company.
Kings Infra's seafood products are already well established in the EU and Middle East markets. The export to the US will help the company improve its capacity utilization and value addition, and contribute to its topline and bottom-line growth.
The MoU also stipulates that Kings Infra will source the raw material from its own farm and from selected farmers. The company will ensure traceability and quality parameters, and obtain all certifications required as per the quality standards for products in US markets.
Additionally, the company is making a big bang expansion in the Chinese market with KINGS RISHFU brand shrimps. Kings Infra is enlarging its footprint in the Chinese market in association with the Shanghai-based Shanghai RSF Trading Company Limited. The two companies have signed a Memorandum of Understanding (MoU) for jointly promoting the KINGS RISHIFU brand in China.
Kings Infra Ventures Limited (KIVL), incorporated in 1987, is located in Tuticorin, Tamil Nadu. The company is engaged in aquaculture farming, seafood processing, international trade of marine products, aquaculture consultancy, food-related infrastructure development and domestic marketing and supply of retail packed marine products.
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On Monday, shares of KIVL were locked in a 5 per cent upper circuit to Rs 138.80 per share from its previous closing of Rs 132.20. The stock’s 52-week high is Rs 142.50 and its 52-week low is Rs 80.25. The company has a market cap of over Rs 325 crore. The shares of the company saw a spurt in volume by more than 2.19 times on BSE.
The stock gave multibagger returns of 335 per cent in 2 years, 450 per cent in 3 years and a whopping 2,150 per cent in a decade. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.