Multibagger stock Vinny Overseas has introduced a mega expansion plan. The superior cloth producer has knowledgeable exchanges that it has put in three state-of-the-art Epson machines for digital printing in textiles.
The new machines will increase the general output and likewise present high-quality digital printing on textile supplies with pace and effectivity, the corporate stated in the submitting.
In addition to this, the corporate has additionally ordered to acquire two Kyocera machines. The machines might be put in in March and April. The administration stated that it’s hopeful that the brand new machines will drive the corporate’s total income and enterprise.Â
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“The company is fully equipped to utilize these machines to deliver the best possible outcomes,” it stated.
Shares of Vinny Overseas have delivered an enormous 475 per cent return in the previous one yr, ensuing in wealth acquire for traders. The stock has gained a whopping 756 per cent in 6 months and 164 per cent YTD. The stock’s 52-week vary is Rs 33.43 – Rs 4.20. It has a market cap of 17 crore.
Meanwhile, the corporate in a press release stated that the administration is assured of strengthening its operations and attaining new heights.
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