Mukka Protein up 9% on ₹44 cr order from domestic & global clients
In a significant development that has sent shares of Mukka Proteins Ltd soaring, the company has secured a massive order worth ₹44.28 crore for fish meal supply from Avanti Feeds Ltd, Mukka Proteins Vietnam Co. Ltd, and Padma Feed & Chicks Ltd. The order has resulted in a surge of up to 9% in the company’s shares, reinforcing investor confidence and strengthening its growth outlook in both domestic and international markets.
Mukka Proteins Ltd, a micro-cap company, has been making waves in the industry with its consistent performances and growing presence in the global market. The company’s recent order is a testament to its ability to attract and retain major clients, thereby solidifying its position in the market.
The order, which is expected to be executed over a period of several months, is a significant milestone for Mukka Proteins Ltd. The company’s fish meal products are in high demand, and this order is expected to further boost its revenue and profitability.
Avanti Feeds Ltd, one of India’s leading aquaculture companies, has placed an order worth ₹14.28 crore for fish meal supply. Meanwhile, Mukka Proteins Vietnam Co. Ltd, a subsidiary of the company, has received an order worth ₹15 crore from an unnamed client in Vietnam. Padma Feed & Chicks Ltd, a prominent player in the poultry industry, has also placed an order worth ₹15 crore for fish meal supply.
The orders are a significant boost to Mukka Proteins Ltd’s growth prospects, particularly in the domestic market. The company’s fish meal products are used as a nutrient-rich feed ingredient in the aquaculture and poultry industries, and the orders are expected to meet the growing demand for these products in India and other countries.
The company’s growth prospects are further bolstered by its expanding presence in the international market. Mukka Proteins Ltd has been aggressively expanding its operations in Vietnam, where it has established a strong presence in the aquaculture industry. The company has also been exploring opportunities in other countries, including Indonesia and Thailand, where there is a growing demand for fish meal products.
The recent order is a significant development in Mukka Proteins Ltd’s growth journey, and it is expected to have a positive impact on the company’s financial performance. The order is expected to contribute significantly to the company’s revenue and profitability, and it is likely to have a positive impact on its stock price as well.
In conclusion, Mukka Proteins Ltd’s recent order for fish meal supply worth ₹44.28 crore is a significant development that has sent its shares soaring. The order reinforces investor confidence in the company and strengthens its growth outlook in both domestic and international markets. With its expanding presence in the international market and growing demand for its products, Mukka Proteins Ltd is well-positioned for growth and is likely to continue to be a significant player in the fish meal industry.
