Rs 500,00,00,000 investment in this multibagger penny stock: Company signs MoU with Government of Gujarat – know more here!
The stock is up by 70 per cent from its 52-week low of Rs 19.50 per share and gave multibagger returns of over 1,300 per cent in 3 years.
In a landmark move, Wardwizard Foods and Beverages Limited has signed a memorandum of understanding (MoU) with the Government of Gujarat to significantly bolster the state's food manufacturing prowess. This game-changing agreement, pledges to propel Gujarat's development to new heights. Sealing the deal were Mr D. H. Shah, representing the government, and Ms Sheetal Bhalerao, Chair and MD of Wardwizard.
Through this strategic partnership, Wardwizard plans to expand its operations across Gujarat, significantly increasing production of Ready-to-Eat meals, Mayonnaise sauce, and Frozen Foods. This ambitious project, estimated at Rs 500 crore, promises to unlock substantial growth opportunities for the region, marking a pivotal moment in Gujarat's food industry journey.
Earlier to the above MoU, Wardwizard Foods and Beverages Limited takes a bold stride forward with WOL Energy Drink, a premium addition to its portfolio and a shining star in its partnership with Tennis Premier League Season 5. Tailored for young trendsetters and aspiring youth, WOL's exquisite taste, top-notch quality, and captivating energy perfectly match the dynamic sports enthusiasts on the court. This strategic collaboration reflects Wardwizard's dedication to engaging its audience, starting with a focused launch in Gujarat and Maharashtra. Having already debuted in Vadodara, WOL is poised for an ambitious journey, leaving an undeniable mark on the Indian beverage landscape.
Founded in 1953, Wardwizard Foods & Beverages Ltd. built a legacy with its "PRATAP VANASPATI" brand of vegetable edible oils. However, their production came to a halt in the fiscal year 2011. Despite non-clearance from the pollution control board, the company, under the leadership of Additional Managing Director & CEO Mr Ramesh Chandra Daga, continues to operate, likely exploring diversification or other avenues within the food and beverage industry. This concise version captures the company's past and the reason for its current production pause, and highlights the leadership at the helm, leaving room for further exploration of their current focus.
Today, shares of Wardwizard Foods and Beverages Limited plunged 5.09 per cent to Rs 30.19 per share with an intraday high of Rs 32.9 and an intraday low of Rs 29.80. The stock’s 52-week high is Rs 49.90 and its 52-week low is Rs 19.50.
The company has a market cap of Rs 750 crore. The stock is up by 70 per cent from its 52-week low of Rs 19.50 per share and gave multibagger returns of over 1,300 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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