Big order alert: This multibagger penny stock below Rs 20 received order worth of Rs 1,97,79,00,000!

This stock has delighted its investors with multibagger returns, soaring above 100 percent in the past year

IFL Enterprises Ltd, a petite yet dynamic company with a market cap of Rs 330 crore, burst onto the trading scene with a resounding buzz today. This company, specializing in the art of acquisition and trading of financial assets like shares, stocks, and bonds, as well as the more grounded world of paper and stationery items, truly knows how to make waves. But that's not all; it also indulges in the fascinating world of paper production.

On Friday, stock opened at Rs 14.32, and by the time the closing bell chimed, it had pirouetted its way up to Rs 14.4, marking a triumphant 0.77 per cent ascent and it touched an intra-day high of Rs 16. What fueled this intra-day surge? Brace yourself for the riveting revelation!

In a move that left investors and analysts breathless, IFL Enterprises Ltd unveiled a staggering announcement. The news of the day was this: the company had clinched a mammoth contract from Siddhesh Global Ltd, a heavyweight player in the paper industry. This colossal order encompasses a vast array of paper products, worth a staggering Rs 190 crore.

Now, let's dive into the nitty-gritty details of this game-changing order:

The company's press release resounds with anticipation: "Moreover, we would like to draw the attention of our shareholders and stakeholders to the anticipated impact of this order on our financial performance. We foresee a substantial upswing in our revenue for the forthcoming quarter, as a direct consequence of this substantial order."

But that's not all! IFL Enterprises Ltd has been on a rollercoaster ride, delighting its investors with multibagger returns, soaring above 100 percent in the past year. With a 52-week high of Rs 16.9 and a low of Rs 6.49, this stock knows how to keep everyone on their toes.

As if that weren't enough, in the quarter that ended in June 2023, the company reported an operating profit of Rs 0.03 crore, a remarkable turnaround from the loss of Rs 0.83 crore in the previous quarter, which ended in March 2023. While other income witnessed a slight dip compared to the previous quarter, the net profit skyrocketed by almost tenfold, soaring from Rs 0.03 crore to a remarkable Rs 0.34 crore in the quarter that ended in June 2023.

1 comments on article "Big order alert: This multibagger penny stock below Rs 20 received order worth of Rs 1,97,79,00,000!"

Srinivasan

Super sir

9/17/2023 11:58 AM

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