Penny stock below Rs 30 in focus as the company secures an order worth Rs 1.62 crore for the supply of plastic rigid sheets

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Penny stock below Rs 30 in focus as the company secures an order worth Rs 1.62 crore for the supply of plastic rigid sheets

The stock is up over 20 per cent from its 52-week low of Rs 19.56 per share.

Rajshree Polypack Limited has secured a new domestic contract valued at approximately ₹1.62 Crore. The order, a repeat from an existing client, was awarded by a major packaging manufacturer listed on an Indian Stock Exchange, which is primarily owned by a Finland-based packaging giant. Under the terms of the contract, Rajshree Polypack will supply Plastic Rigid Sheets to the customer, with the order to be fulfilled by October 2025 or as otherwise mutually agreed upon by the parties.

Earlier, the company received a domestic repeat order worth approximately Rs 1.71 crore from a wholly-owned subsidiary of a global confectionery company. The contract involves the supply of Trays and Plastic Rigid Sheets and is expected to be fulfilled by December 2025, or on a mutually agreed-upon timeline. This order reinforces the company's relationship with its existing customer.

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About the Company

Rajshree Polypack Ltd, established in 2011, is a leading manufacturer of plastic packaging solutions. Specialising in barrier plastic sheets, thermoformed packaging and injection moulded products, the company caters to the dairy, food and beverage industries. Their product range includes polypropylene, high barrier sheets, PET, HIPS, laminated sheets and packaging solutions for various sectors. With three manufacturing units and a capacity of 25,000 MT, Rajshree Polypack serves renowned clients like Epigamia, Nestle, Havmor, Mother Dairy, Amul, Ferrero, Britannia, Kellogg's, Cafe Coffee Day, Gowardhan, etc. 

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The stock’s 52-week high is Rs 44.56 per share and its 52-week low is Rs 19.56 per share. The company has a market cap of over Rs 170 crore. The stock is up over 20 per cent from its 52-week low of Rs 19.56 per share.

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