From Rs 20 to Rs 120: This multibagger small-cap paper stock has given 480 per cent returns in less than 3 years!
The scrip recently recorded a fresh 52-week high of Rs 124.70 on the bourses. Year to date the stock has gained 39.34 per cent
Yash Pakka Limited is into manufacturing of paper for packaging and compostable tableware products for replacing styrofoam and plastic. The company launched an innovative range of compostable tableware products under the brand name ‘CHUK’. It has a market capitalisation of Rs 434 crore. Recently, the company reported strong growth in its June quarter and showed optimistic business opportunities.
In March 2020, shares of the company plunged by 42 per cent and hit a low of Rs 20.15 on April 3, 2020. Since then, the stock has soared high like an eagle furnishing phenomenal returns of 479.90 per cent. The scrip recently recorded a fresh 52-week high of Rs 124.70 per share on the bourses. Year to date the stock has gained 39.34 per cent.
The company has recently awarded contract for conducting basic engineering study for an integrated brownfield expansion project at their Ayodhya Facility to AFRY. AFRY is the top integrated project consulting in the world for pulp & paper industry.
The framework of the project is as follows:
- Specialty paper machine of 100 MT per day to lead towards flexible packaging with furnish, utilising max strength of Agro residue bagasse;
- Biofuel based 10 MW of Cogen plant;
- Pulp capacity enhancement by augmentation of pulp mill by another 75 per cent (environmentally friendly pulp backed by enhancing equivalent capacity of recovery island);
- Support infrastructure in line with increased output of pulp and paper machine.
Watch out for this trending Small-Cap paper stock in the upcoming sessions!