Multibagger penny stock under Rs 20 jumps after receiving an order worth Rs 13,77,00,000 from Indian Oil Corporation Ltd
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The stock is up by 46 per cent from its 52-week low of Rs 13 per share and has given multibagger returns of over 500 per cent in 5 years.
TPI India Limited has secured a domestic order valued at Rs 13.77 crore from Indian Oil Corporation Limited. This contract is for the manufacturing and supply of FIBC bags and is to be executed within a two-year period.
On Thursday, shares of TPI India Limited jumped 16.64 per cent to Rs 19 per share from its previous closing of Rs 16.29 per share. The shares of the company saw a spurt in volume by more than 5 times on the BSE. The stock’s 52-week high is Rs 25.39 per share and its 52-week low is Rs 13 per share
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TPI India Ltd, established in 1982, is an ISO 9001:2015 certified manufacturer of polymer-based packing products. Their offerings include Flexible Intermediate Bulk Containers (FIBC), also known as big bags, made from woven polypropylene and customizable for various industrial needs. Additionally, they produce Kraft Lined Paper Bags (KLP), laminated with woven PP fabric, designed to be lightweight, cost-effective, moisture-proof and protective against UV rays, available in brown and white with up to three-colour printing.
In FY25, the company reported net sales of Rs 30.18 crore and net profit of Rs 0.35 crore. The promoters hold 75 per cent stake in the company while DIIs hold 0.02 per cent and the public holds 24.98 per cent stake. The company has a market cap of Rs 77 crore. The stock is up by 46 per cent from its 52-week low of Rs 13 per share and has given multibagger returns of over 500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.