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Kwality gains on signing MoU with Bank of Baroda

20 Jan 2017 Evaluate

Kwality is currently trading at Rs. 143.85, up by 0.70 points or 0.49% from its previous closing of Rs. 143.15 on the BSE.

The scrip opened at Rs. 143.10 and has touched a high and low of Rs. 146.40 and Rs. 141.70 respectively. So far 134166 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.40 on 07-Oct-2016 and a 52 week low of Rs. 78.45 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 146.40 and Rs. 137.55 respectively. The current market cap of the company is Rs. 3407.88 crore.

The promoters holding in the company stood at 64.24%, while Institutions and Non-Institutions held 3.23% and 32.52% respectively.

Kwality, India’s largest private dairy company has signed a Memorandum of Understanding (MoU) with Bank of Baroda, second largest bank in India having presence in 25 countries, to disburse Rs 4,000 crore of loans to its one lakh farmers in initial phase out of its established network comprising of 325,000 farmer families across 4,500 villages in UP, Haryana, and Rajasthan which are amongst the largest milk producing states of India. The company is committed to cover the remaining farmers in subsequent phases over a period of time.

The funds would be available at preferential rate and shall be utilized primarily towards purchasing of milching animals, smart phone, and two wheelers. The scheme is aimed to provide financial assistance to improve socio-economic lives of farmers and steer them towards digitization.

Kwality is amongst largest and fastest growing private dairy companies in India today with milk processing capacity of 3.4 Mn Litres /Day through its six state of-the-art plants strategically located close to key north markets.

 

Kwality Share Price

2.14 0.00 (0.00%)
23-Feb-2021 18:59 View Price Chart
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