IFL Enterprises – Company with Multibagger Returns gets Rs 1.92 Billion Orders

IFL Enterprises Ltd, a micro-cap company with a market cap of Rs 330 crore was buzzing in today’s trading session. The company is involved in the business of acquisition, trading of shares, stocks, bonds, and trading of Paper, Stationery items etc. It also carries on the business of all kinds of Paper and other similar products.

The stock opened at a level of Rs 14.32 and touched an intraday high of Rs 16 on Friday. The main reason for the bullish movement in the stock was related to a breathtaking announcement. The breathtaking announcement was that the company has secured a substantial order from Siddhesh Global Ltd, a prominent client in the paper industry. The order encompasses a comprehensive range of paper products. The company has received order worth Rs 1.92 billion.

Here is the complete bifurcation of the order

As per the press release of the company it has mentioned “Moreover, we would like to draw the attention of our shareholders and stakeholders to the anticipated impact of this order on our financial performance. We foresee a substantial upswing in our revenue for the forthcoming quarter, as a direct consequence of this substantial order.”

The stock has delivered multibagger returns in the last one year and its 52-week high and low stand at Rs 16.9 and Rs 6.49, respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions