DSIJ Mindshare

Debt-free multibagger penny stock at Rs 21.42: This micro-cap company bags new 80 metric tons of packet tea order from Uttar Pradesh Cooperative Federation Ltd
Kiran Shroff

Debt-free multibagger penny stock at Rs 21.42: This micro-cap company bags new 80 metric tons of packet tea order from Uttar Pradesh Cooperative Federation Ltd

The stock gave multibagger returns of over 100 per cent in just 1 year and a whopping 700 per cent in 2 years.

In a move to ensure that essential items like tea are readily available to everyone in India, Kaizen Agro Infrabuild Limited has partnered with the National Agriculture Cooperative Marketing Federation of India Limited (NACOF) to secure an 80-metric ton order of packet tea from the Uttar Pradesh Cooperative Federation Ltd (PCF). This collaboration aligns with the Indian government's initiative to support local farmers and promote domestically produced goods.

This partnership between Kaizen Agro and NACOF goes beyond this specific order. They have devised a comprehensive plan to distribute tea across India, specifically focusing on those manufactured by government enterprises. NACOF's vast network, with locations in 27 cities, will be instrumental in achieving this goal. Additionally, Kaizen Agro Infrabuild plans to leverage this collaboration to expand its packet tea and other agricultural product offerings throughout India.

Also Read: FIIs bought 6 per cent stake in FY24: Heavy buying in this multibagger penny stock at Rs 61.42; Spurt in volume by more than 5 times on BSE

This strategic move into the agricultural sector signifies Kaizen Agro Infrabuild's transformation into "Kaizen Agro Infrabuild Limited." This transformation emphasizes transparency, accountability, and good corporate governance practices. By prioritizing these aspects, they aim to build trust and confidence with their shareholders, solidifying their position as a reliable steward of their investments.

Kaizen Agro Infrabuild Ltd is a debt-free company with a market cap of Rs 45.87 crore. Today, shares of the company ended the trading session in green, up 1.61 per cent to Rs 21.42 per share from its previous closing of Rs 21.08. The stock’s 52-week high is Rs 24.59 and its 52-week low is Rs 8.94. The stock gave multibagger returns of over 100 per cent in just 1 year and a whopping 700 per cent in 2 years.

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

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Previous Article Rs 16,252 crore order book: TATA Group-multibagger power generation company announces reports highest ever PAT of Rs 4,280 crore for FY24
Next Article USD 4 million order: This multibagger agro product company signs MoU with Africa Negoce Industries (ANI); details inside!
Print
20651 Rate this article:
3.5
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR