Penny stock below Rs 30 secured Rs 2.58 crore domestic order for Plastic Rigid Sheets, delivery by August 2025
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up over 40 per cent from its 52-week low of Rs 19.56 per share.
Rajshree Polypack Limited has secured a new domestic order valued at approximately Rs 2.58 crore from a large, publicly listed Indian packaging manufacturer, predominantly owned by a Finland-based packaging giant. Under this contract, Rajshree Polypack Limited will supply Plastic Rigid Sheets to the customer. The company anticipates fulfilling this order by August 2025, or within a mutually agreed-upon timeframe to meet the required order size.
In a related development, Rajshree Polypack Limited has also expanded its manufacturing capabilities. An additional annual capacity of 900 Metric Tonnes Per Annum (MTPA) has been installed at its toll manufacturer, with commercial production commencing for various types of food packaging containers produced via the injection moulding process. This expansion increases the total installed capacity for Injection Moulding Products to 4,200 MTPA. The existing capacity utilisation for these products is approximately 85 per cent, and the manufacturing operations are located in Daman.
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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.
On Friday, shares of Rajshree Polypack Ltd gained 7.80 per cent to Rs 27.55 per share from its previous closing of Rs 25.56 per share. The stock’s 52-week high is Rs 48.50 per share and its 52-week low is Rs 19.56 per share. The company has a market cap of over Rs 200 crore. The stock is up over 40 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.