Kwality is currently trading at Rs. 41.60, up by 2.70 points or 6.94% from its previous closing of Rs. 38.90 on the BSE.
The scrip opened at Rs. 39.90 and has touched a high and low of Rs. 42.60 and Rs. 39.80 respectively. So far 60,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.00 on 08-Jul-2014 and a 52 week low of Rs. 27.60 on 06-May-2014.
Last one week high and low of the scrip stood at Rs. 42.60 and Rs. 38.40 respectively. The current market cap of the company is Rs. 908.00 crore.
The promoters holding in the company stood at 74.88% while Institutions and Non-Institutions held 0.60% and 24.52% respectively.
Kwality has entered into a Memorandum of Understanding (MoU) with The Government of Jharkhand for setting up a project of Milk and Milk Products at Ranchi with minimum investment of Rs 100 crore and Employment Generation would be from 300 to 500. The project is proposed to commence in Financial Year 2018-19. The same is subject to obtaining necessary permissions/registrations/approvals/clearances/etc. from the concerned departments of the State, as per existing policies/rules and regulations of the State Government.
In addition to investment of Rs 100 crore, it is also proposed that Kwality will make investment towards Corporate Social responsibility (CSR) besides arranging skill up-gradation/training of youths working population, running I.T.I./Polytechnic etc. in PPP or Private mode as per policy of the State Government, or agreement arrived after mutual consent.
Kwality, the country’s premier dairy foods company, focuses on building leadership positions in branded and added value markets across the dairy sector. It specializes in the storage of milk and related products.
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