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Shares of smallcap company Ganesh Ecosphere have seen a huge jump on Monday. Shares of the company rose over 6% on BSE during the day’s trade to Rs. 1119.50 was reached. Shares of Ganesh Ecosphere rose 4.33 percent to Rs. It closed at 1,096.85. This rise in the company’s shares has come due to the receipt of supply orders from Coca-Cola India Pvt. The order has been awarded to a wholly owned subsidiary of Ganesh Ecosphere.
The company will supply the packaging material
Ganesh Ecopet, a unit of Ganesh Ecosphere, will supply RPET resin (packaging material) to Coca-Cola’s preform converters in India. Earlier, in August, Ganesh Ecopet received another order from Coca-Cola Company’s economized bottler Moon Beverages. The order was for the supply of recycled resin-PET chips, which are used in food-grade packaging.
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Shares gained 319% in 3 years
Shares of Ganesh Ecosphere have gained more than 319% in the last 3 years. Shares of the company on 4 September 2020 Bombay Stock Exchange was at 261.65. Shares of the company on 4 September 2023 at BSE at Rs. closed at 1096.85. The company’s shares have gained more than 71 percent in the last one year. Shares of Ganesh Ecosphere hit a 52-week high of Rs. is 1158.95. At the same time, the company’s shares hit a 52-week low of Rs 595.
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Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.