Mukka Protein up 9% on ₹44 cr order from domestic & global clients
Mukka Proteins Ltd, a microcap stock, has recently secured significant work orders worth ₹44.28 crore for fish meal supply from Avanti Feeds Ltd, Mukka Proteins Vietnam Co. Ltd, and Padma Feed & Chicks Ltd. This development has led to a surge in the company’s shares, with a rise of up to 9% in a single trading session.
The orders from these prominent clients in the domestic and international markets have not only bolstered investor confidence but also strengthened the company’s growth outlook. The fish meal supply orders are a testament to the growing demand for high-quality fish meal in the animal feed industry, which is expected to drive Mukka Proteins’ revenue growth in the coming quarters.
Avanti Feeds Ltd is a leading player in the Indian aquaculture industry, and its order for fish meal supply from Mukka Proteins is a significant endorsement of the company’s products. Similarly, Mukka Proteins Vietnam Co. Ltd, a subsidiary of Mukka Proteins, has also placed an order for fish meal supply, which reinforces the company’s presence in the international market. Padma Feed & Chicks Ltd, a prominent player in the Indian poultry industry, has also ordered fish meal from Mukka Proteins, further solidifying the company’s position in the domestic market.
The orders from these clients are a significant development for Mukka Proteins, as they demonstrate the company’s ability to supply high-quality fish meal to leading players in the animal feed industry. The orders are also a testament to the company’s expansion strategy, which focuses on increasing its presence in both domestic and international markets.
The growth prospects of Mukka Proteins are also supported by the increasing demand for fish meal in the animal feed industry. Fish meal is a key ingredient in the production of animal feed, and its demand is driven by the growing demand for protein-rich animal feed. The increasing demand for fish meal is expected to drive the growth of the animal feed industry, which in turn is expected to benefit Mukka Proteins.
The company’s financial performance has also been impressive in recent quarters. In its latest quarterly results, Mukka Proteins reported a significant increase in revenue and profit, driven by the growing demand for its products. The company’s revenue grew by 25% year-on-year to ₹23.45 crore, while its profit increased by 30% to ₹4.15 crore.
The orders from Avanti Feeds Ltd, Mukka Proteins Vietnam Co. Ltd, and Padma Feed & Chicks Ltd are expected to drive Mukka Proteins’ revenue growth in the coming quarters. The company’s ability to supply high-quality fish meal to leading players in the animal feed industry is expected to strengthen its position in the market and drive its growth prospects.
In conclusion, Mukka Proteins’ surge of up to 9% on the news of receiving significant work orders worth ₹44.28 crore from domestic and global clients is a significant development for the company. The orders reinforce investor confidence and strengthen the company’s growth outlook in the domestic and international markets. With its expanding presence in the animal feed industry and impressive financial performance, Mukka Proteins is well-positioned to drive growth in the coming quarters.
