Sellwin Traders shares jumped more than on the National Stock Exchange (NSE) after the company signed a Memorandum of Understanding with SDF Productions Pvt Ltd. The company expects the business arrangement to generate revenue above Rs 30 crore, with a margin of 35-40%.
In the exchange filing, the company also shared, “Under the MoU, Sellwin Traders Ltd will supply agro products to SDF Productions Pvt Ltd, which will then distribute these products to both Indian and international markets based on purchase orders. Sellwin will provide financial support to SDF Productions for procurement from Indian suppliers. Recently, SDF Productions secured several orders for mango pulp, including a USD 259,500 order from Ninety Nine Foodstuff Trading L.L.C, two orders totaling USD 130,200 from Shing Exim General Trading L.L.C, and additional orders from The Springs Foodstuffs Trading Co L.L.C.”
Sellwin Traders’s stock opened at ₹27.25, showing a slight increase from its previous close of ₹27.01. The stock demonstrated significant volatility throughout the trading day, reaching an intraday high of ₹28.35.
As of 11:45 am, Sellwin Traders shares were trading 3.30% higher at Rs 27.90 on the NSE.
