Penny stock under ₹20 jumps 10% after receiving order from Indian OilPenny stock under ₹20 jumps 10% after receiving order from Indian Oil

Introduction:

Leading packaging solutions provider has secured a ₹13.77 crore domestic order for manufacturing and supplying FIBC bags to Indian Oil Corporation, with execution scheduled over a two-year period under standard commercial terms.

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Share price movement of TPI India:

On July 17, 2025, TPI India Ltd opened at ₹17.49, up 7.37% from its previous close of ₹16.29. The stock hit a high of ₹19.00 (16.65%) and a low of ₹17.25. By 1:34 PM, it traded at ₹17.86, marking a 9.64% gain, with a full market cap of ₹76.73 crore.

TPI India Secures ₹13.77 Crore Order from Indian Oil Corporation:

TPI India Ltd has received a domestic order worth ₹13.77 crore from Indian Oil Corporation Limited for the manufacturing and supply of FIBC bags. The contract is to be executed over two years.

According to the company’s regulatory filing, the order was disclosed under Regulation 30 of the SEBI (LODR) Regulations. It clarified that there is no related party involvement and the order has been awarded on an arm’s length basis.

Ace investor holding in TPI India:

Karnika Mukesh Gadhiya

Karnika Mukesh Gadhiya holds a 1.54% stake in TPI India Ltd, owning 662,478 shares valued at approximately ₹1.2 crore, reflecting notable individual investor interest in the company’s equity.

Aartie Sunil Anandpara

Aartie Sunil Anandpara holds a 1.38% stake in TPI India Ltd, comprising 590,796 shares valued at around ₹1.1 crore, highlighting consistent investor confidence in the company’s long-term potential.

Stock performance of TPI India for Period of 1 week, 6 months, and 1 year:

TPI India Ltd delivered a -2.63% return over the past week. It declined by 14.0% in the past six months and dropped 18.9% over the past year.

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Shareholding pattern of TPI India:

Particulars	Mar 2025	Dec 2024	Sep 2024
Promoter	75%	75%	75%
FII	0%	0%	0%
DII	0%	0%	0%
Public	25.00%	25.00%	25%

About TPI India:

TPI India Ltd (BSE: 500421), incorporated in 1982, is an ISO 9001:2015 certified company manufacturing polymer-based bulk bags and specialized industrial and flexible packaging products for various commercial applications.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.