Mukka Protein up 9% on ₹44 cr order from domestic & global clients
In a major boost to its growth prospects, Mukka Proteins Ltd, a microcap stock, has received significant work orders worth ₹44.28 crore for fish meal supply from Avanti Feeds Ltd, Mukka Proteins Vietnam Co. Ltd, and Padma Feed & Chicks Ltd. The orders have led to a surge in the company’s shares, with the stock rising up to 9% in trading on the bourses.
The orders, which are a testament to the company’s growing reputation in the fish meal industry, are expected to drive revenue growth and strengthen Mukka Proteins’ position in the domestic and international markets. The company’s ability to secure such large and significant orders from reputable clients is a clear indication of its competitiveness and quality of products.
Avanti Feeds Ltd, one of India’s leading aqua-feed manufacturers, has placed an order worth ₹13.29 crore for fish meal supply, while Mukka Proteins Vietnam Co. Ltd, a subsidiary of the company, has ordered fish meal worth ₹10.38 crore. Padma Feed & Chicks Ltd, a Chennai-based company, has placed an order worth ₹10.61 crore for fish meal supply.
The orders are expected to be executed over the next six months, and the company has confirmed that it has the necessary resources and infrastructure to fulfill the demand. The fish meal supplied by Mukka Proteins will be used as an essential ingredient in the production of aqua-feeds, which are used to feed fish and other aquatic animals in aquaculture farms.
The surge in Mukka Proteins’ shares can be attributed to the increasing investor confidence in the company’s growth prospects. The orders received from domestic and global clients are a clear indication of the company’s growing reputation and capabilities in the fish meal industry. The company’s ability to secure such large orders is a testament to its competitiveness and quality of products, which is expected to drive growth and profitability in the future.
Mukka Proteins’ growth outlook is also expected to be boosted by the increasing demand for fish meal globally. The global aquaculture industry is growing rapidly, driven by increasing demand for seafood and the need to meet the protein requirements of a growing global population. The company’s ability to supply high-quality fish meal to the industry is expected to provide a steady stream of revenue and drive growth in the future.
The company’s presence in the international market is also expected to provide a significant boost to its growth prospects. Mukka Proteins’ subsidiary in Vietnam has enabled the company to tap into the growing demand for fish meal in the Asian market, which is expected to drive growth and profitability in the future.
In conclusion, Mukka Proteins’ receipt of significant work orders worth ₹44.28 crore for fish meal supply from Avanti Feeds Ltd, Mukka Proteins Vietnam Co. Ltd, and Padma Feed & Chicks Ltd is a major boost to the company’s growth prospects. The orders are expected to drive revenue growth and strengthen the company’s position in the domestic and international markets. With its growing reputation and capabilities in the fish meal industry, Mukka Proteins is well-positioned to drive growth and profitability in the future.
