Stock in Focus: This micro-cap plastic manufacturer bags whopping Rs 638.39 lakh in orders from Domestic Clients!

The stock is down by 26.90 per cent in 1 year whereas in 3 years the stock gave multibagger returns of 112.10 per cent.

Rajshree Polypack Ltd informed the exchange (NSE Scrip Code: RPPL) that the company have received 4 order worth Rs 638.39 lakh from domestic clients. Details below:

Order No – 1: Received from Huhtamaki India Ltd to supply polypropylene (PP) sheets and payment terms - 45 days from invoice date. The order is worth Rs 156.99 lakh.

Order No – 2: Received from Amcor Flexible India Pvt Ltd to supply polypropylene (PP) sheets and payment terms - 45 days from invoice date. The order is worth Rs 305.67 lakh and will be supplied within 30 days from the order date.

Order No – 3: Received from Govind Milk & Milk Products Pvt Ltd to supply polypropylene (PP) sheets and payment terms - 30 days from invoice date. The order is worth Rs 70 lakh and will be supplied within 30 days from the order date.

Order No – 4: Received from Amcor Flexible India Pvt Ltd to supply polypropylene (PP) sheets and payment terms - 60 days from invoice date. The order is worth Rs 105.75 lakh and will be supplied within 30 days from the order date.

With more than a decade of experience in operating in the plastic packaging products industry, Rajshree is one of the leaders in manufacturing rigid plastic sheets and thermoformed packaging products which are tailored to the client’s requirements. 

On Thursday, shares of Rajshree Polypack Ltd plunged 0.52 per cent to Rs 153 per share with an intraday high of Rs 156 and an intraday low of Rs 152. The company has a market cap of Rs 175 crore.

The stock is down by 26.90 per cent in 1 year whereas in 3 years the stock gave multibagger returns of 112.10 per cent. Investors should keep an eye on this micro-cap stock.

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