780 per cent returns in this multibagger penny stock: This micro-cap company receives multiple orders worth Rs 2,487 lakh!
The stock gave multibagger returns of 780 per cent in just 3 years whereas BSE Sensex Index is up by 68 per cent.
Ecoboard Industries Ltd informed that the company has received 11 orders from customers with cumulative value up to Rs 2,487 lakh which will be completed within 1 to 8 months from LOI. The company has initiated working and positive returns will start reflecting in the upcoming quarter. Here are the details of the order:
|
Name of client
|
Order Value (Rs. in Lakh)
|
|
M. S. Patil Sugars Ltd
|
295
|
|
Zain Woods Pvt Ltd
|
50
|
|
Baramati Agro Ltd
|
145
|
|
Vilas Sahakari Sakhar Karkhana Ltd
|
600
|
|
Shree Mahuva Pradesh Sahakari Khand Udyog Mandli Ltd
|
619
|
|
Vinar Systems Pvt Ltd
|
175
|
|
Satish Sugar Ltd
|
175
|
|
Board Division Running Orders
|
55
|
|
Vilas Sahakari Sakhar Karkhana Ltd
|
230
|
|
Shri Guru Datta Sugars Ltd
|
88
|
|
DON SFA, Osmanabad
|
55
|
|
Total
|
2,487
|
Ecoboard Industries Limited is engaged in the manufacturing and selling of eco-friendly particle boards and biosystems. Ecoboard Industries is a micro-cap company with a market cap of Rs 43.74 crore. In its Quarterly Results, the company reported net sales of Rs 3.69 crore and a net loss of Rs 3.19 crore in Q1FY24. The company is expected to report positive numbers in its Q2FY24 results due to the multiple orders received as mentioned above.
On Friday, shares of Ecoboard Industries Ltd surged 0.37 per cent to Rs 24.53 per share with an intraday high of Rs 25.4 and an intraday low of Rs 23.7. The stock gave multibagger returns of 780 per cent in just 3 years whereas BSE Sensex Index is up by 68 per cent. Investors should keep an eye on this multibagger micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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