Mukka Protein up 9% on ₹44 cr order from domestic & global clients
In a major boost to its growth prospects, Mukka Proteins Ltd, a micro-cap company, has 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. The orders have sent the company’s shares surging up to 9% in a matter of hours, reinforcing investor confidence in the company’s ability to deliver strong growth in the domestic and international markets.
Mukka Proteins Ltd is a leading manufacturer of fish meal, a key ingredient in the production of animal feed, aquaculture, and pharmaceuticals. The company’s products are in high demand globally, and the recent orders are a testament to its strong reputation and commitment to quality.
The orders received by Mukka Proteins Ltd are significant not only in terms of their value but also their diversity. The orders come from both domestic and international clients, demonstrating the company’s ability to cater to a broad range of customers across the globe. Avanti Feeds Ltd, a leading player in the Indian aquaculture industry, has placed an order worth ₹24.28 crore, while Mukka Proteins Vietnam Co. Ltd has ordered fish meal worth ₹10 crore. Padma Feed & Chicks Ltd, a prominent player in the Indian poultry industry, has also placed an order worth ₹10 crore.
The orders are expected to have a positive impact on Mukka Proteins Ltd’s financial performance in the current fiscal year. The company’s revenue is expected to receive a significant boost, which will translate into higher profits and improved financial health. The orders will also help the company to expand its production capacity, enabling it to meet the growing demand for its products.
The stock market reaction to the news has been positive, with Mukka Proteins Ltd’s shares surging up to 9% in a matter of hours. The stock has been on an upward trajectory in recent months, driven by a combination of factors including the company’s strong financial performance and the growing demand for its products. The recent orders have reinforced investor confidence in the company, leading to a sharp increase in its share price.
The orders received by Mukka Proteins Ltd are a significant development in the company’s growth story. The orders demonstrate the company’s ability to attract and retain prominent clients, both domestically and internationally. The orders also highlight the company’s commitment to quality and its ability to deliver high-quality products consistently.
In conclusion, the orders received by Mukka Proteins Ltd are a major positive development for the company and its shareholders. The orders are a testament to the company’s strong reputation and commitment to quality, and they are expected to have a positive impact on its financial performance in the current fiscal year. The stock market reaction to the news has been positive, with the company’s shares surging up to 9% in a matter of hours. As the company continues to execute its growth strategy, investors can expect the stock to remain a strong performer in the coming months.
