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.
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