390 per cent returns: This micro-cap multibagger company is on the verge of securing Rs 200 crore export orders!
On Wednesday, shares of the company surged by more than 14 per cent and made an intraday high of Rs 119.
Established in 1987 and based in Tuticorin, Tamil Nadu, Kings Infra Ventures Ltd is a company actively involved in various aspects of the seafood industry. Its operations include aquaculture farming, seafood processing, international trade of marine products, aquaculture consultancy, development of food-related infrastructure, as well as domestic marketing and supply of retail packaged marine products.
Kings Infra Ventures Ltd is on the verge of securing two significant strategic partnerships, each worth Rs 100 crore in export orders. The first partnership involves a Chinese subsidiary of a reputed Japanese company, aiming for joint branding and distribution in the Chinese Market, providing risk mitigation through assured payments.
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The second partnership is with a US company, involving the supply of nearly 100 containers of IQF shrimp, marking their entry into the lucrative US market. The company also plans to acquire a marine product processing plant in Nellore to meet the specific US order. Additionally, the company has collaborated with Atomes Group and Snowkap for promoting sustainable and eco-friendly aquaculture.
The company has delivered great returns of 72 per cent over the past year and stellar returns of 397 per cent over the past 3 years. Moreover, the company has a ROCE of 18.4 per cent and a ROE of 17.5 per cent.
On Wednesday, shares of the company surged by more than 14 per cent and made an intraday high of Rs 119. Additionally, the scrip had a spurt in volume by more than 9.25 times.
Investors should keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.