Heritage Foods is currently trading at Rs. 1168.00, up by 11.85 points or 1.02% from its previous closing of Rs. 1156.15 on the BSE.
The scrip opened at Rs. 1158.85 and has touched a high and low of Rs. 1170.00 and Rs. 1156.50 respectively. So far 221 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1199.00 on 26-Apr-2017 and a 52 week low of Rs. 496.50 on 29-Apr-2016.
Last one week high and low of the scrip stood at Rs. 1199.00 and Rs. 1103.05 respectively. The current market cap of the company is Rs. 2702.68 crore.
The promoters holding in the company stood at 39.90%, while institutions and non-institutions held 12.98% and 47.12% respectively.
Heritage Foods is reportedly planning to add five more milk processing plants in the next five years as part of its strategy to achieve $1-billion turnover by 2022. In this regards, the company will invest Rs 150 crore. The investments would be met through debt financing and internal accruals.
The company is looking to increase the capacities of existing 14 plants, which together have a milk processing capacity of nearly 19 lakh litres of milk a day. The company is planning to increase capacities of nearly 50,000-70,000 litres a day each.
Heritage Foods is one of the fastest growing Private Sector Enterprises in India, with five-business divisions - Daily, Retail, Agri, Bakery and Renewable Energy under its flagship Company Heritage Foods.
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