Goodricke Group is currently trading at Rs. 150.50, up by 8.40 points or 5.91% from its previous closing of Rs. 142.10 on the BSE.
The scrip opened at Rs. 146.00 and has touched a high and low of Rs. 154.00 and Rs. 146.00 respectively. So far 81,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 175.00 on 27-Apr-2011 and a 52 week low of Rs. 103.00 on 22-Dec-2011.
Last one week high and low of the scrip stood at Rs. 154.00 and Rs. 136.65 respectively. The current market cap of the company is Rs. 325.00 crore.
The promoters holding in the company stood at 74.00% while Institutions and Non-Institutions held 2.33% and 23.67% respectively.
Goodricke Group is planning to mark its presence in dairy segment whereby the company is looking to foray into dairy business and will soon seek the Reserve Bank of India's (RBI) approval for the same. At present, the company is having licences only to grow tea and tea-related business and for diversifying in other business it will have to take permission from RBI. The tea major is expecting to receive the RBI nod by end of 2012.
In West Bengal’s Jalpaiguri district, the company is currently carrying out research and development (R&D) on a diary project and is likely to seek permission from the apex bank after June this year for the commercial venture.
The commercial dairy venture would come up in Lakhipara, near the company's R&D project. The commercial production of milk would be 10,000 litres per day when the project would be in its full scale of operation.
Goodricke Group grows, cultivates, manufactures, treats, blends, processes, buys, sells and deals in tea in various forms.
| Company Name | CMP |
|---|---|
| Tata Consumer Produc | 1113.70 |
| CCL Products (India) | 1088.60 |
| Mcleod Russel | 52.84 |
| Goodricke Group | 168.55 |
| Jay Shree Tea | 88.82 |
| View more.. | |
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