Lakshmi Overseas Industries is currently trading at Rs. 17.50, up by 0.05 points or 0.29% from its previous closing of Rs. 17.45 on the BSE.
The scrip opened at Rs. 17.75 and has touched a high and low of Rs. 17.90 and Rs. 17.50 respectively. So far 2201 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 46.70 on 16-May-2011 and a 52 week low of Rs. 13.05 on 13-Dec-2011.
Last one week high and low of the scrip stood at Rs. 18.90 and Rs. 17.15 respectively. The current market cap of the company is Rs. 110.58 crore.
The promoters holding in the company stood at 44.97% while Institutions and Non-Institutions held 13.14% and 41.89% respectively.
Lakshmi Overseas Industries has signed a Power Purchase Agreement (PPA) on April 17, 2012 with Punjab State Power Corporation (PSPCL) for sale of power up to 28 MW. This PPA is on short term basis up to March 3, 2013.
The company has started sale of power to PSPCL from April 21, 2012 onwards. The company will sign IA with Punjab Energy Development Agency (PEDA). Thereafter, on the basis of IA, PSPCL will sign the long term PPA.
Lakshmi Overseas Industries is one of the largest foodgrain processing companies in India and in the world. The company produces range of basmati rice such as elongated basmati rice, par boiled basmati rice and long grain aromatic basmati rice.
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