A micro cap FMEG company for your kind consideration

A 210 crore market cap company manufacturing LED lights. It has MIT and a domestic fund holding 10% of its equity and 67% is owned by the promoters. It announced a small order win from amazon basics in march. An agreement has also been signed with a taiwanese bldc motor manufacturer thereby stating its foray into bldc fans/drivers. It announced a preferential issue of warrants on 18th April of Rs. 15.46 cr where MIT is participating with 1.8 cr and Promoter with 6.25 cr. O4 sales performance was the highest for the company at 46.89 crores as declared to the bourses on April earlier this year.

As it is a micro cap, stock is very thinly traded and definitely not for the faint hearted. One can accumulate as close to the trendline and hold till trendline remains relevant.

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