Multibagger SME stock expands export orders as factory activity increases at quickest rates

Posted under: MSME
Date: 2023-09-15
Multibagger SME stock expands export orders as factory activity increases at quickest rates

India has emerged as a dominant player in the services trade. It is among the top service-exporting nations, with a continuous inflow of new orders. As the country's exports drive overall growth, export powerhouse AA Plus Tradelink has secured an export order worth Rs 510 million, or Rs 51 crore. Its shares on Thursday gained 5 percent to lock in the upper circuit at Rs 11.39, in line with the gains in the domestic equity markets, according to BSE data. An exchange filing by the firm said that it has further collaborated with commodity trading corporation CNX Corporation for the export of goods worth over Rs 170 crore in the pipeline. With a history of reducing debt, the small-cap SME stock is currently trading at 0.70 times its book value. Robust and accelerated increases in new orders and production suggest that manufacturing and exports look to provide a strong contribution to second quarter (fiscal) economic growth.

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