Shining Profits: How Megastar Yielded 567% Returns In 2 Years
If you had ₹1 lakh invested in Megastar Foods in October 2020, ₹6.67 lakhs today! This multibagger gave its investors 567% returns in 2 years. Here’s a quick look at the company.
🌾 Stock: Megastar Foods Ltd.
🌾 NSE: $MEGASTAR
⭐ About The Company
Established in 2013 and based out of Punjab, Megastar is a bulk food processing company that makes a wide variety of wheat flour products. It has integrated food processing technologies from around the world to manufacture and supply nutritious wheat flour to food industries in India & abroad.
♻️ The Process
Megastar has state-of-the-art modern BüHLER machinery with an installed capacity of 270 metric tons daily. The company follows Good Manufacturing Practices (GMP) and Good Laboratory Practices (GLP) to ensure high standards of food safety, quality and hygiene.
Its products are widely used for preparing:
🍪 Buns and other products
Its customers have strong patronage and its clients are spread across India and abroad. Nestle, ITC, Sunfeast, Domino’s, Horlicks, Pizza Hut, KFC, Pepsico, Mondelez etc. are some of their clients.
💰 Stock Value
On October 13, 2020, the company’s shares were trading at ₹32.20, while they were priced at ₹214.95 as of October 12, 2022.