Multibagger Stock Hit 52-Week High As Company Bags Orders Worth Rs 1,82,00,000 from Ministry of Civil Aviation, Airports Authority of India

The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 64.60 per share.

Parin Furniture Limited has received Multiple Contracts from the Ministry of Civil Aviation, Airports Authority of India for the supply of airport furniture in various states of India. The total order value for these contracts amounts to Rs 1.82 crore (Rupees One Crore Eighty-Two Lakhs Only).

Parin Furniture Ltd, established in 1983, is a leading furniture manufacturer and supplier in India. They cater to a wide range of needs, offering furniture for hospitals, educational institutions, offices, public spaces and even homes. Their product portfolio includes everything from hospital beds and school desks to office chairs, living room sets and dining tables. They also specialize in customized furniture for OEM partners and projects.

With a presence in 18 states across India, Parin Furniture boasts an impressive infrastructure including a 200,000 sq. ft display area, a 125,000 sq. ft warehouse, and a network of over 900 business partners, dealers and distributors. Their ambitious plans for the future include setting up 100 brand stores across India by 2025, solidifying their position as a major player in the Indian furniture market.

On Wednesday, shares of Parin Furniture Ltd gained 4.2 per cent and made a fresh 52-week high of Rs 324 per share from its previous closing of Rs 311 per share. The company has a market cap of Rs 350 crore. The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 64.60 per share.

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

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