300 per cent return in a year: This multibagger micro-cap textile stock bags its first export order worth USD 3,00,000!

Shares of the company gained more than 250 per cent in the last six months.

Swaraj Suiting Limited informed in the exchange filing that it has booked its first largest overseas order for the supply of denim and other fabrics. This order amounts to USD 3,00,000 and this is the success of the company.

Swaraj Suiting is a textile company that manufactures grey fabric from cotton and synthetic fibres, trades in yarn, grey fabric, and finished fabric, and provides weaving on a job-work basis. The company went public on the NSE SME platform in March 2022 and raised Rs 10.68 crore through an IPO and Rs 12.13 crore through a right issue.

Also read, How to invest in small-cap stocks: Understanding the risks and rewards

Swaraj Suiting's primary business was to manufacture grey/unfurnished denim fabric at its Bhilwara manufacturing plant, with an installed capacity of 18 million meters per annum. In FY21, the company planned for backward and forward integration by establishing another manufacturing plant in Neemuch, Madhya Pradesh, with an installed capacity of approximately 22 million meters of denim fabric per annum for dyeing undyed yarn and converting grey fabrics into finished goods.

On Friday, the stock opened at Rs 105.00, with a high and low of Rs 105.00 and Rs 100.00, respectively. The stock is closed trading at Rs 104.00, which increased by 6.12 per cent. The stock has a 52-week high of Rs 145.05 and a 52-week low of Rs 30.60.

The stock has delivered multibagger returns of more than 300 per cent in the last one year. Investors should keep a close eye on this stock.

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