The certificate recently recorded a new 52-week high of Rs 124.70 on the exchanges. Since the start of the year, the stock has gained 39.34%
Yash Pakka Limited manufactures paper for packaging and compostable dishwashing products to replace polystyrene foam and plastic. The company has launched an innovative line of compostable dishwashing products under the “CHUK” brand. It has a market capitalization of Rs 434 crore. Recently, the company saw strong growth in its June quarter and showed optimistic business opportunities.
In March 2020, the company’s shares plunged 42% to a low of 20.15 rupees on April 3, 2020. Since then the stock has soared like an eagle, furnishings are reporting phenomenal returns of 479.90%. The certificate recently recorded a new 52-week high of Rs 124.70 on the exchanges. Since the start of the year, the stock has gained 39.34%
The company recently awarded AFRY a contract to carry out a basic engineering study for an integrated brownfield expansion project at its Ayodhya facility. AFRY is the world leader in integrated project consulting for the pulp and paper industry.
The framework of the project is as follows:
- 100 MT per day specialty paper machine to achieve flexible packaging with supply, using the maximum strength of agro residue bagasse;
- Biofuel based on 10 MW of Cogen plant;
- Improved pulp capacity by increasing the pulp mill by an additional 75% (green pulp supported by improving the equivalent capacity of the recovery island);
- Support infrastructure based on increased production of pulp and paper machines.
Watch out for this trend small cap paper in the next sessions!