The shares of the Penny stock specializing in printing labels, stationery, magazines, and cartons, and have diversified into engineering goods, heat tracing solutions, and turnkey projects through their subsidiaries, hit a 5 percent upper circuit upon entering into a Memorandum of Understanding (MoU) with Korea EHT.
With a market capitalization of Rs. 42.94 crores on Thursday, the shares of Kaiser Corporation Ltd hit a 5 percent upper circuit, making a high of Rs. 8.16 per share compared to its previous closing price of Rs. 7.78 per share.
Kaiser Corporation Limited has announced that its subsidiary, Xicon International Limited, has signed a Memorandum of Understanding (MoU) with Korea EHT, a renowned global manufacturer of electric heat tracing cables.
Korea EHT, established in 1989 and operating in regions such as the Middle East, Africa, Europe, and the USA, is now aiming to enter the Indian market. Under this MoU, Xicon International and Korea EHT will collaborate to explore opportunities in the Engineering Procurement and Construction (EPC) sector both in India and internationally. The partnership will also focus on joint manufacturing to reduce costs and enhance the market share of both companies.
Financials & Others
The company’s revenue rose by 100 percent from Rs. 3.43 crore to Rs. 6.86 crore in Q4FY24-25. Meanwhile, the Net profit rose from Rs. 0.23 crore to Rs. 0.26 crore during the same period.
Kaiser Corporation Ltd (KCL), incorporated in 1993 and headquartered in Mumbai, Maharashtra, is an Indian company primarily engaged in the printing and packaging sector, specializing in the production of labels, packaging materials, magazines, cartons, and various stationery articles.
Over the years, KCL has diversified its operations beyond printing, venturing into engineering goods, electric and mechanical heat tracing, and turnkey project management services through its subsidiaries, serving both domestic and international markets.
The company operates through two main segments: Printing and Infrastructure Projects, and it also manufactures electronic products for industries such as pipe, power plants, and the electronics heat sector.
Written by Sridhar J
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