White Organic Agro is currently trading at Rs. 70.30, up by 5.30 points or 8.15% from its previous closing of Rs. 65.00 on the BSE.
The scrip opened at Rs. 68.65 and has touched a high and low of Rs. 71.50 and Rs. 65.40 respectively. So far 120100 shares were traded on the counter.
The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.50 on 24-Apr-2017 and a 52 week low of Rs. 11.81 on 07-Jul-2016.
Last one week high and low of the scrip stood at Rs. 71.50 and Rs. 53.15 respectively. The current market cap of the company is Rs. 86.75 crore.
The promoters holding in the company stood at 27.56%, while Non-Institutions held 72.44% stake in the company.
White Organic Agro has received license from Joint Commissioner, Food and Medical Controls Department for production of Medicinal and Nutritional Products at its Manufacturing Unit. Since a long time the management had been striving hard to procure Manufacturing license for various organic medicinal and Nutritional products (viz - Ayurvedic and Herbal tablets, capsules and churna for oral consumption), as well as few cosmetic application for external application. This permission would act as a huge boost for the management for in-house production and reducing the Manufacturing cost and in turn increasing the profits of the company. There is tremendous demand for the all these products in domestic and international markets.
White Organic Agro (formerly White Diamond Industries) along with its subsidiary is engaged in business of trading in cut and polished diamonds, and real estate and infrastructure. It has announced changes in objects of the company from Diamond Industry to Organic Agricultural activities, change in objects and name of subsidiary to White Organic Retail.
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