180 Per Cent Multibagger Returns: Debt-Free Laundry Services Company Enters Into A Contract With Fariyas Hotels Pvt Ltd
The stock has given multibagger returns of over 180 per cent from its 52-week low of Rs 121.30 per share.
Le Lavoir Limited has entered into an annual contract with Fariyas Hotels Private Limited, specifically for their Hilton Garden Inn Mumbai International Airport unit located at CTS No.145A/2, A/3 Sahar Cargo Road, Post and Telegram Colony bus stop, Andheri East, Mumbai 400099, to provide laundry services for a period of one year from the agreement date; operating under the brand name "Le Lavoir," the company is targeting institutional clients and plans to enter the retail market to address consumer needs, with a focus on pan India expansion through the opening of several other laundry units beyond its existing Mumbai facility.
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Le Lavoir Limited (earlier Radhey Trade Holding Ltd) is a listed company for more than 4 decades and is listed on BSE Limited. The Company is in the business of Laundry Services, catering to institutions such as Hotels for their dry cleaning and laundromat services on an outsourced model. Under the brand name of "Le Lavoir", we are a responsible organisation and maintain all the required safety and hygiene standards while providing these services. We plan to expand our footprint across India over the next 2 years. Aided by a strong management team and assisted by its sharp business acumen, the company is confident and aims to garner a huge clientele over the coming years.
The company has a market cap of over Rs 100 crore and as of September 2024, it is debt-free. The stock has given multibagger returns of over 180 per cent from its 52-week low of Rs 121.30 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.