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Penny stock hits 5% upper circuit after receiving order for 50,000 QTL of rice from Madhuram Industries

Prominent agricultural supplier secured a ₹17.50 crore order from Madhuram Industries for 50,000 QTL of rice. The domestic contract is set for completion by June 30, 2025, boosting the company’s market presence.
Penny Stock Surges 5% After Securing 50,000 QTL Rice Order from Madhuram Industries
Penny Stock Surges 5% After Securing 50,000 QTL Rice Order from Madhuram Industries

Introduction:

Leading agricultural supply company has secured a significant order worth ₹17.50 crore for supplying 50,000 QTL of rice. The domestic contract, awarded by Madhuram Industries, is set for completion by June 30, 2025, strengthening the company’s market position.

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Also Read: Semiconductor stock to watch after it incorporates new subsidiary in China called Axiro Semiconductor (Shenzhen) Co., Ltd.

Share price movement of Eureka Industries:

On March 24, 2025, Eureka Industries Ltd opened at ₹16.28, up 4.96% from its previous close of ₹15.51. The stock hit a high of ₹16.28 and a low of ₹15.60. By 10:32 AM, it traded at ₹16.28, with a market cap of ₹14.25 crore.

Eureka Industries Secures ₹17.50 Crore Rice Order from Madhuram Industries:

Eureka Industries Limited has received a significant purchase order from Madhuram Industries Private Limited for the supply of 50,000 QTL of rice, valued at ₹17.50 crore. The company disclosed the development in a regulatory filing.

The domestic order is set to be completed by June 30, 2025. This contract reinforces Eureka Industries’ presence in the agricultural supply sector, highlighting its capability to fulfill large-scale orders and strengthen its business operations.

The company confirmed that the order does not fall under related party transactions and that no promoter group has any vested interest in the deal. This development marks a positive step in Eureka Industries’ growth trajectory.

Stock performance of Eureka Industries for Period of 1 week, 6 months, and 1 year:

Eureka Industries Ltd has demonstrated outstanding performance, with a 2.72% gain in a week, 114% over six months, and an impressive 307% rise in a year, reflecting strong growth momentum and sustained investor confidence.

Also Read: FMCG stocks in which FIIs increased their stake in Q3 to look out for

Shareholding pattern of Eureka Industries:

ParticularsDec 2024Sep 2024Jun 2024
Promoter0%0%0%
FII0.00%0.00%0.00%
DII0%0%0%
Public100%100%100.00%
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About Eureka Industries:

Eureka Industries Ltd (BSE: 521137), incorporated in 1992, specializes in trading agricultural commodities like wheat, rice, maize, and pulses. The company aims to expand into cultivation, focusing on fruits, vegetables, grains, and cash crops using advanced farming methods.

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.

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