7,000 per cent multibagger results: Rice Processing & Trading Company’s Stock Jump 10 per cent Today; Complete Details Inside!

The stock gave multibagger returns of 1,800 per cent in 5 years and a whopping 7,000 per cent over a decade.

Today, the shares of GRM Overseas Ltd jumped over 10 per cent to Rs 224.95 per share from its previous closing of Rs 203.50. The stock’s 52-week high is Rs 231.35 while its 52-week low is Rs 114.15. The company has a market cap of over Rs 1,300 crore. The shares of the company saw a spurt in volume by more than 2 times on BSE.

GRM Overseas, a renowned Indian exporter of basmati rice and a key player in the FMCG sector, announces a strategic partnership with Solariz Invest in Morocco. This collaboration represents a pivotal moment in GRM's global expansion efforts, as it introduces its flagship basmati rice brand ‘Tanoush’ to Moroccan consumers via Solariz Invest’s wide-reaching distribution network. ‘Tanoush’ will be offered in 1kg and 5kg packs.

According to the agreement, Solariz Invest will act as the exclusive distributor of GRM Overseas products in Morocco. With a robust presence and proven capabilities in the region, Solariz Invest is well-equipped to boost GRM’s market penetration and enhance its brand visibility. The collaboration with Solariz Invest in Morocco exemplifies GRM’s strategic vision to expand into new markets, enhance brand visibility, and foster sustainable growth through impactful partnerships.

The company announced on August 8, 2024, the allotment of 90,70,000 warrants to promoters and non-promoters at a price of Rs 150 per warrant, including a Rs 37.5 upfront payment and a Rs 112.5 exercise price, subject to obtaining necessary approvals. The total issue size is Rs 136.05 crore. The company has already received Rs 34.01 crore as an upfront payment from 32 allottees. Each warrant is convertible into one equity share of Rs 2 face value upon payment of the remaining Rs 112.5, in compliance with SEBI regulations.

As of June 2024, the company's promoters bought 73,000 shares and increased their stake to 72.29 per cent and FIIs increased their stake to 0.67 per cent compared to 72.16 per cent and 0.26 per cent in March 2024. The shares of the company have an ROE of 21 per cent and an ROCE of 15 per cent.

GRM Overseas Ltd, a leading Indian company in the basmati rice industry, mills, processes, and markets both branded (like their 10X brand) and non-branded basmati rice for both domestic consumption and international export. Their product range goes beyond just basmati rice, also including atta flour (Shakti Chakki Fresh) and ready-to-cook biryani kits in various regional styles like Moradabadi, Hyderabadi, and Lucknowi.

The stock gave multibagger returns of 1,800 per cent in 5 years and a whopping 7,000 per cent over a decade. Investors should keep an eye on this small-cap stock.

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

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