Those who invest in the stock market are always looking for stocks which are available at low prices and have high profit potential. Today we have brought you one such stock, which is priced below Rs 5 and has the potential to give profit. Let us explain this stock in detail.
What is the name of this stock?
If you are looking for stocks in the stock market which have great potential at low prices, then you can look at Sellwin Traders Ltd. According to a report by The Mint, this penny stock priced below Rs 5 has the potential to give profit. Actually, the expansion plan put forward by the company has created a new stir among investors.
The company has said in an official statement that it is going to open 12 new retail outlets in the big cities of the country in the coming 12 months. That too under the franchise model. The company is going to invest around Rs 15 crore in this expansion, which is expected to generate an estimated revenue of Rs 23.5 crore. Seeing the increasing demand and trend of heritage-rich, quality food products, Sellwin wants to strengthen its hold.
What did the company say?
The company said in its statement, "Sellwin Traders Ltd. is planning to open 12 new stores in major cities of india in the next 12 months. This expansion will be done with an investment of Rs 15 crore, which is expected to generate a revenue of around Rs 23.5 crore."
The big thing is that the company does not want to be limited to India. Now Sellwin is also planning to expand its business to international markets like Middle East, Africa, Europe, America, australia and Russia. Sellwin will include healthy products with indian taste like fresh vegetables, processed foods, cereals, mango pulp and sulfur-less jaggery in its global portfolio.
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