Stock under Rs 50: This micro-cap company receives order from Gujarat Co-Operative Milk Marketing Federation Ltd!
The stock is up by 80 per cent in just 1 month.
UMA Converter Limited informed that the company has received an order of 425 tons of Laminate for their Plants located at different places from Gujarat Co-Operative Milk Marketing Federation Limited, Amul Dairy Road, Anand - 388001. The order will be executed by July 31, 2024 from the letter of intent.
UMA Converter Limited is engaged in manufacturing flexible packaging material. The company product portfolio includes multi-colour pouches, stand-up pouches, zip-lock pouches, vacuum pouches, paper bags, e-commerce bags, etc.
Uma Converter Ltd. (UCL) is engaged in the manufacturing and marketing of flexible packaging material for the packaging requirements of various industries. Its products are crafted out of an extensive range of industry-approved materials such as polyethene terephthalate, biaxially-oriented polypropylene, polyethene, cast polypropylene, foil, paper, bio-degradable films, etc.
According to the financials, UMA Converter has a market cap of Rs 67 crore. The company reported positive numbers in its annual results (FY23). As of March 2023, the company's promoters own a majority stake of 68.89 per cent, while the remaining 31.11 per cent is owned by the general public.
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On Friday, shares of UMA Converter Ltd plunged 3.91 per cent to Rs 49.20 per share with an intraday high of Rs 50.35 and an intraday low of Rs 48.65. The stock is up by 80 per cent in just 1 month. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.