Shares of this multibagger penny stock jumped approximately 3 percent in Monday’s trading session after the company successfully secured an order from “Uttar Pradesh Cooperative Federation Limited” (PCF) for packet tea. In the last five trading sessions, the company’s stock gained more than 20 percent for its stakeholders.
With a market capitalization of Rs 50 crores, the stocks of Kaizen Agro Infrabuild Limited opened their trading hour on Monday at Rs 24.59 and currently trades at Rs 23.25, gaining around 3 percent compared to its previous closing level of Rs 22.61 apiece.
Such bullish share price movements were observed today after the company, through a recent regulatory filing with the Bombay Stock Exchange (BSE), intimated about the receipt of an order from “Uttar Pradesh Cooperative Federation Limited”.
As per the filing, Kaizen Agro Infrabuild Limited, in collaboration with ‘National Agriculture Cooperative Marketing Federation of India Limited’ (NACOF), will devise a comprehensive marketing plan for the sale of tea products manufactured by “Andrew Yule & Co. Limited”, a Government of India Enterprise.
As per the collaboration, Kaizen Agro Infrabuild Limited secured an order of 80 MT of ‘Packet Tea’ from ‘Uttar Pradesh Cooperative Federation Ltd’ (PCF). Through the same, the company plans to embark on the mission of distributing & promoting goods manufactured domestically and expanding its ‘Packet Tea’ and ‘Agro Product’ business on a large scale.
Keeping a purview of the last year, the company’s stock has proven to deliver multibagger returns of around 120 percent to its stakeholders, i.e., if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 2.20 lakhs.
During the recent financial quarters, the company’s basic business indicators, viz, its operating revenues as well as after-tax profits, reported movements in opposing directions.
The former, on one end, dipped slightly from Rs 7.98 crores during Q2FY24 to Rs 6.03 crores during Q3FY24, and the latter, on the other end, transitioned from losses of Rs 3 lakhs to profits of Rs 50 lakhs.
Kaizen Agro Infrabuild Limited was incorporated in January 2006 as ‘Anubhav Vanijya Private Limited’ mainly dealing as a wholesaler/trader of consumer goods. Later, the company decided to be involved in the ‘construction and civil works’ business, offering various construction services for commercial, residential, and industrial projects.
Written by Amit Madnani
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