White Organic Agro touches roof on receiving letter of intent for continual supply of food grains

07 Jun 2021 Evaluate

White Organic Agro is locked its upper circuit limit at Rs. 13.46, up by 0.64 points or 4.99% from its previous closing of Rs. 12.82 on the BSE.

The scrip opened at Rs. 13.46 and has touched a high and low of Rs. 13.46 and Rs. 13.46 respectively. So far 81257 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.46 on 07-Jun-2021 and a 52 week low of Rs. 3.91 on 13-Apr-2021.

Last one week high and low of the scrip stood at Rs. 12.82 and Rs. 9.00 respectively. The current market cap of the company is Rs. 47.11 crore.

The promoters holding in the company stood at 25.50% and Non-Institutions held 74.49%.

White Organic Agro has received Letter of Intent for continual Supply Order worth of Rs 90 crore of various food grains comprising mainly of rice, wheat, pulses and others commodities to be supplied in domestic market. This is an additional business opportunity that has arisen in this situation. Considering the profitability in the business options arisen during this pandemic, taking prompt actions and being opportunistic is the essence for business and increasing the profitability.

The initial samples have cleared all the required quality checks and quality team of the buyers are looking forward for long term association with the company. Upon successful completion of the initial supply of rice, the buyer has had intended to undergo long term contract for supply of food grains required for their distribution network in the domestic market as well as across the globe.

White Organic Agro is engaged in farming and cultivation, distribution and retail and exports.

White Organic Agro Share Price

7.28 0.07 (0.97%)
10-Jun-2024 16:01 View Price Chart
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