Textile Stock Under Rs 55 Bags $2.72 Million Export Order, Offered 2100% Return In 2-Years

Small cap stock priced under Rs 55, Axita Cotton Ltd received $2.72 million cotton export order from neighbouring country Bangladesh. The company informed BSE on March 11, 2023 about the receipt of the order. The company has a market capitalisation of Rs 1,051.40 crore. Axita Cotton offered huge 2101.23% return in last 2-years. Check details about the stock below:

Axita Cotton Bags Cotton Export Order From Bangladesh: According to the regulatory filing of Axita Cotton, "In terms of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received the orders for Indian Raw Cotton valuing aggregating the US $ 2716091.84 approx from Bangladesh."

Axita Cotton Stock Performance: The small cap stock's last trading price is Rs 53.49 apiece with intraday fall of 0.65% on BSE. The stock's 52-week high is Rs 69.60 apiece and 52-week low is Rs 11.67 apiece, respectively.

Axita Cotton Return: The stock gave 311% return in last 1-year, 2101% return in last 2-years, and 1625% return in last 3-years. In last 6-months only, it has given 74% return. The company has paid all its debt.

Axita Cotton Financial Performance: The company for the quarter ended December 31, 2022 declared its standalone total income at Rs 131.39 crore, up 42.90% from last quarter total income of Rs 91.95 crore. It declared its net profit after tax at Rs 4.70 crore in the latest quarter.

Axita Cotton About: It is engaged in providing textile products. Axita Cotton manufactures and exports cotton bales and seeds. From Financial year 2016-2017 onwards the company also commenced exporting its products directly to few countries namely Pakistan Bangladesh and Vietnam. It came into existence in 2013 and it operates in Textile sector.

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