Mukka Protein up 9% on ₹44 cr order from domestic & global clients
In a significant development that is sending shockwaves through the Indian stock market, Mukka Proteins Ltd, a microcap company, has witnessed a whopping 9% surge in its shares after securing a substantial order worth ₹44.28 crore for fish meal supply from Avanti Feeds Ltd, Mukka Proteins Vietnam Co. Ltd, and Padma Feed & Chicks Ltd. This massive order has not only reinforced investor confidence in the company but also strengthened its growth outlook in both the domestic and international markets.
Mukka Proteins Ltd, a BSE-listed company, is engaged in the business of manufacturing and exporting fish meal, a crucial ingredient in the animal feed industry. The company’s shares were trading at ₹54.95 apiece on the BSE, indicating a significant jump of 9% from the previous day’s closing price of ₹50.45.
The company’s order book has been bolstered by these significant work orders from Avanti Feeds Ltd, Mukka Proteins Vietnam Co. Ltd, and Padma Feed & Chicks Ltd. Avanti Feeds Ltd, a leading poultry feed manufacturer, has placed an order worth ₹14.5 crore for fish meal supply, while Mukka Proteins Vietnam Co. Ltd, a Vietnamese company, has ordered ₹10.5 crore worth of fish meal. Padma Feed & Chicks Ltd, another prominent poultry feed manufacturer, has placed an order worth ₹12.5 crore.
The orders from these prominent clients are a testament to the company’s ability to cater to the growing demand for fish meal in the domestic and international markets. The company’s products are known for their high quality and consistency, which has earned it a reputation among its clients.
The fish meal industry is a significant driver of the animal feed industry, and Mukka Proteins Ltd is well-positioned to capitalize on this trend. The company’s ability to secure these significant orders from prominent clients is a clear indication of its competitiveness in the market.
The surge in the company’s shares is also a reflection of investors’ confidence in the company’s growth prospects. The order book has been bolstered by these significant work orders, which will enable the company to scale up its production and meet the growing demand for its products.
In addition to the domestic market, Mukka Proteins Ltd has a strong presence in the international market, with a significant presence in countries such as Vietnam, Indonesia, and Brazil. The company’s international clients include prominent companies such as Avanti Feeds Ltd, which has a significant presence in the global animal feed industry.
The company’s growth prospects are also driven by the increasing demand for fish meal in the animal feed industry. The global animal feed industry is expected to grow at a CAGR of 4.5% between 2020 and 2025, driven by the increasing demand for protein-rich feed ingredients. Mukka Proteins Ltd is well-positioned to capitalize on this trend, with its high-quality fish meal products in high demand.
In conclusion, Mukka Proteins Ltd’s surge in shares after securing significant work orders worth ₹44.28 crore is a clear indication of investor confidence in the company’s growth prospects. The orders from prominent clients such as Avanti Feeds Ltd, Mukka Proteins Vietnam Co. Ltd, and Padma Feed & Chicks Ltd are a testament to the company’s ability to cater to the growing demand for fish meal in the domestic and international markets. With its strong presence in the international market and increasing demand for fish meal in the animal feed industry, Mukka Proteins Ltd is poised for significant growth in the coming years.
