Upper Circuit Alert: Heavy buying witnessed in this multibagger micro-cap stock as it is set to achieve impressive growth in 2024!

The stock gave multibagger returns of over 100 per cent from its 52-week low, 600 per cent in 3 years and a whopping 2,550 per cent in a decade.

Rising above adversity, Kings Infra Ltd made 2023 a year of remarkable turnaround. By harnessing innovative solutions and unwavering resilience, the company achieved progress across all fronts. This momentum sets the stage for even greater success in 2024.

In a landmark deal for 2023, KINGS RISHIFU partnered with Shanghai RSF Trading Company, a joint venture with Japan Food Services, to launch premium shrimp products in the Chinese market. This strategic partnership, focusing on high-end offerings, secured an initial order of 100 containers (worth Rs 100 crore) with the potential to double next year, generating potential revenue of Rs 100 crore initially and Rs 200 crore annually at full capacity. This achievement marks a significant milestone for the company's international expansion.

Kings Infra Team comprising of the CFO Mr. Lalbert Cherian along with SISTA CEO Mr Chandra Bhat has just concluded a successful visit to Shanghai and Zhanjiang in China as a part of the product and market development activities. The visit has enhanced brand visibility and facilitated new distributor and channel relationships which will help us to expand our footprints in the Chinese market.

The company have secured a long-term partnership with JH & Company (Ocean World Ventures), a leading US seafood distributor, to export Vannamei shrimp. Starting with 5-8 containers per month, they aim to reach 100 containers annually and expand product offerings. The partnership utilizes Andhra Pradesh processors and shipments begin January 2024 due to processing approvals.

Kings Infra Ventures Ltd., led by Chairman & Managing Director Shaji Baby John, introduces "Kings Bento", a line of "heat and eat" seafood delicacies inspired by Japanese bento boxes, offering convenience and gourmet dining experiences with pre-prepared prawns, fish, calamari, in beautiful boxes. Developed with CIFT, Kings Bento launches in Kerala, in January 2024, addressing the need for quick, healthy meals on the go, aligning with their vision of quality, freshness, and hassle-free dining. Simultaneously, Kings Fresh rebrands as "Kings Frigo", offering frozen and chilled premium seafood in institutional and consumer packs.

In order to meet the upcoming expansion and marketing plans, Kings Infra is issuing preferential allotment of equity shares of Rs. 17 Crores and also secured a working capital up to Rs 40 crore from Punjab National Bank. The strategic business plan drawn out for Kings Infra in the year ahead promises to make it an iconic year for the company both in the international as well as domestic markets.

Kings Infra Ventures Limited (KIVL), incorporated in 1987, is located in Tuticorin, Tamil Nadu. The company is engaged in aquaculture farming, seafood processing, international trade of marine products, aquaculture consultancy, food-related infrastructure development and domestic marketing and supply of retail packed marine products.

On Monday, shares of KIVL were locked in a 5 per cent upper circuit to Rs 178.85 per share from its previous closing of Rs 170.35. The stock’s 52-week high is Rs 185 and its 52-week low is Rs 80.25. The company has a market cap of over Rs 325 crore. The shares of the company saw a spurt in volume by more than 2.73 times on BSE.

The stock gave multibagger returns of over 100 per cent from its 52-week low, 600 per cent in 3 years and a whopping 2,550 per cent in a decade. Investors should keep an eye on this micro-cap stock

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