Mukka Proteins soars on bagging purchase orders worth Rs 50.39 crore
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Mukka Proteins is currently trading at Rs. 38.03, up by 1.56 points or 4.28% from its previous closing of Rs. 36.47 on the BSE.
The scrip opened at Rs. 35.59 and has touched a high and low of Rs. 39.14 and Rs. 35.59 respectively. So far 507325 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 44.00 on 11-Mar-2024 and a 52 week low of Rs. 32.50 on 20-Mar-2024.
Last one week high and low of the scrip stood at Rs. 42.60 and Rs. 35.59 respectively. The current market cap of the company is Rs. 1144.50 crore.
The promoters holding in the company stood at 73.33%, while Institutions and Non-Institutions held 12.24% and 14.42% respectively.
Mukka Proteins has received purchase orders worth of $60,43,800 equivalent to Rs 50.39 crore. Out of which, the company has received first order worth around $5,83,800 equivalent to Rs 4.87 crore from Ever Light Oil Industrial Co. for supply of fish meal. The company has received another order worth around $54,60,000 equivalent to Rs 45.53 crore from Uni Best General Trading FZE for supply of fish meal. The total order book of the company stands at around Rs 153 crore as on date.
Mukka Proteins is one of the key players of the fish protein industry. The company manufactures fish oil which is used in the production of soap, leather tanneries, and the paint industry.
