Multibagger penny stock under Rs 50 hit upper circuit & 52-week high after receiving an order worth Rs 180 crore

Arfin India Limited has recevied a significant order from its distributor, JFE Shoji India Private Limited, a domestic subsidiary of Japan's JFE Shoji Corporation. The order, which strengthens Arfin India's domestic and international market presence, is for the supply of 6,900 metric tons (MT) of aluminium ingots, wire rods, and cubes/shots. Valued at approximately Rs 180 crore, the order will be executed over six months, from October 2025 to March 2026. This translates to a monthly supply of about 1,150 MT, worth approximately Rs 30 crore per month, highlighting the strong relationship and trust between the two companies.

Incorporated in 1992, Arfin India Ltd is a manufacturer and trader of non-ferrous metals. The company specialises in producing aluminium products that are supplied to key industries such as steel, automobile, and power. Arfin India is a registered member of several prominent industry bodies, including the Aluminium Association of India, the Bureau of International Recycling, and the Metal Recycling Association of India, which underscores its established presence in the sector.

On Friday, shares of Arfin India Limited hit a 5 per cent upper circuit to Rs 47.75 per share from its previous closing of Rs 45.48 per share. The stock also made a 52-week high of Rs 47.75 per share and its 52-week low is Rs 23.06 per share. The stock has given multibagger returns of 107 per cent from its 52-week low of Rs 23.06 per share and a whopping 1,100 per cent in 5 years.

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