2,600 per cent returns and FIIs & DIIs increase stake: This multibagger bottle recycling company receives authorization from Coca Cola India!

Shares of the company gained about 20 per cent in the last six months.

Ganesha Ecosphere Limited informed in the exchange filing that rPET resin (packaging material) as well as a production facility of Ganesha Anesha Ecopet Private Limited, a wholly-owned subsidiary of the company, has been authorised by Coca-Cola India Pvt. Ltd. for supply to its preform converters in India.

Last month, Ganesha Ecosphere started its relationship with MOON BEVERAGES LIMITED, an authorized bottler of Coca-Cola Company for using rPET chips in food-grade packaging. Ganesha Anesha Ecopet Private Limited, a wholly-owned subsidiary of the company, received an order on August 4, 2023, from MOON BEVERAGES LIMITED, for the supply of rPET chips.

Ganesha Ecosphere Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, shares of Ganesha Ecosphere surged from Rs 255.95 on September 11, 2020, to Rs 1069.30 on September 07, 2023, an increase of about 310 per cent in three years holding period. While in the last ten years, the stock gained over 2,600 per cent.

Ganesha Ecosphere is a leading PET Waste Recycling company in India. It is engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun yarn, and dyed texturized yarn in India.

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The stock has shown tremendous growth and investors should keep a close eye on this stock.

Looking at the company’s current shareholding, it is observed that FIIs and DIIs have increased their stake in the company. While public shareholder’s holding has decreased significantly.

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