2:1 Stock Split: Penny stock under Rs 30; Company bags international orders worth Rs 6,54,00,000 from USA
The stock is up by 42 per cent from its 52-week low of Rs 19.56 per share.
Rajshree Polypack Limited has secured international orders worth Rs 6,54,00,000 (approximately USD 0.77 million) from two USA-based large distributors of food packaging; the first order, valued at USD 0.26 Mn (approximately Rs 2.21 crore), is for the supply of customized thermoformed packaging products to be fulfilled by October 2025, while the second order, worth USD 0.51 million (approximately Rs 4.33 crore), involves the supply of customized injection moulding products with company-developed moulds and is expected to be executed by May 2025.
Furthermore, shares of the company ex-traded split of equity shares in the ratio 2:1, i.e., sub-division/split of equity shares having a face value of Rs 10 each, fully paid-up into 2 equity shares having a face value of Rs 5 each, fully paid-up. The ex-date for the stock split was Wednesday, September 18, 2024.
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Rajshree Polypack Ltd, established in 2011, is a leading manufacturer of plastic packaging solutions. Specialising in barrier plastic sheets, thermoformed packaging, and injection moulded products, the company caters to the dairy, food, and beverage industries. Their product range includes polypropylene, high barrier sheets, PET, HIPS, laminated sheets, and packaging solutions for various sectors. With three manufacturing units and a capacity of 25,000 MT, Rajshree Polypack serves renowned clients like Epigamia, Nestle, Havmor, Mother Dairy, Amul, Ferrero, Britannia, Kellogg's, Cafe Coffee Day, Gowardhan, etc.
On Monday, shares of Rajshree Polypack Ltd surged over 5 per cent to Rs 27.790 per share from its intraday low of Rs 26.13 per share. The stock’s 52-week high is Rs 48.50 and its 52-week low is Rs 19.56. The company has a market cap of Rs 200 crore. The stock is up by 42 per cent from its 52-week low of Rs 19.56 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.