Penny Stock Under Rs 2: Company Secures Order Worth Rs 682 crore from Munitions India Limited; Must Watch
The company’s shares have delivered an impressive return of over 60 per cent in the past 3 month.
Nibe Ordnance Global Limited, a subsidiary of Anshuni Commercials, has recently been issued a Letter of Interest (LOI) by Munitions India Limited (MIL). The LOI pertains to the supply of 250,000 units of 155mm M107 Empty Shells, valued at Rs 682,15,00,000 (Rupees Six Hundred Eighty-Two Crore and Fifteen Lakh Only), for global customers.
This supply is scheduled to take place over the period from October 2025 to December 2030, contingent upon the finalization of contracts between MIL and the ultimate buyer or end user. The shells will be delivered according to MIL's technical specifications within the specified timeframe.
Share Performance:
On Friday the shares of Anshuni Commercials closed the day at Rs 1.44 per share. The company’s current market capitalisation stands at Rs 0.17 crore. The stock has delivered a return of over 60 per cent in the past 3 months only.
Financial performance:
According to the Quarterly Results, in Q4 FY24, Anshuni Commercials reported a revenue of Rs 0.01 crore. The company’s net loss stood at Rs 0.09 crore. In FY24, the company reported a revenue of Rs 0.01 crore, and it reported a net loss of Rs 0.20 crore, compared to a loss of Rs 0.21 crore in the previous year.
About Company
Anshuni Commercials specializes in trading polished diamonds ranging from VVS quality to I2 Quality, predominantly in round shapes with colours spanning from D to K, and sizes ranging from 0.02 carats to 3.99 carats. All polished goods are categorized into 9 distinct categories based on their quality: VVS1, VVS2, VS1, VS2, SI1, SI2, I1, I2, and I3. Our assortments have maintained exceptional consistency over the years and are well-known among our customers. These diamonds are then exported worldwide, with our reputation for consistent quality and reliable delivery schedules being the cornerstone of our business growth.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.