Multibagger stock under Rs 10: This e-puja booking company is launching its first line of products on Ram Mandir Inauguration Day
Will the blessing of Shri Ram drive profits skyward for this micro-cap company? Here are the details.
In a significant move towards diversification, ePuja Spiritech Ltd previously known as Sagar Productions Limited, is set to embark on a fragrant journey with the launch of a new line of Agarbattis on the auspicious Ram Janmabhoomi Inauguration day, January 22, 2024.
According to the company reporting to the exchange market potential for this traditional yet evergreen product is substantial, with estimates pegging it at around Rs 12,000 crore and growing at an impressive 8 per cent CAGR. Earlier Sagar Productions was engaged in media production and media trading activity. They were offering different services like Film Production, Editing- Composting VFX Animation, Architectural Visualization, etc.
Over the next six months, ePuja Spiritech Ltd aims to introduce over 15 distinct fragrances, catering to diverse preferences and occasions. As the first fragrance, company it is launching Raghuvanshi Ram it’s a beautiful mix of cardamom, neroli and amber these ingredients invoke the quality of Shri Ram. The product range will not be limited to just Agarbattis but will also include Dhoop Sticks and Dhoop Cones, providing a comprehensive offering to discerning customers.
To ensure a personalised and seamless experience, the company will be adopting a Direct-to-Consumer (D2C) approach for the initial launch. This allows the company to directly engage with customers, gather valuable feedback, and fine-tune our offerings based on their preferences. The D2C model not only strengthens the company's connection with consumers but also provides insights that are instrumental in shaping our future strategies.
Yesterday, the stock closed at Rs 5.90. The stock hit its 52-week high of Rs 6 on January 16, 2024, and the 52-week low stood at Rs 1.83. The company currently holds market capitalisation of approximately Rs 23.68 crore. Over the past year, the company's shares have delivered a multibagger return of 175.70 per cent.
Now, the question remains: will the company provide a similar return to its investors after diversifying?
Disclaimer: The article is for informational purposes only and not investment advice.