White Organic Agro touches the roof on bagging order from Patanjali Ayurveda

11 Sep 2017

White Organic Agro is currently trading at its upper limit of Rs. 73.50, up by 3.50 points or 5.00% from its previous closing of Rs. 70.00 on the BSE.

The scrip opened at Rs. 71.00 and has touched a high and low of Rs. 73.50 and Rs. 71.00 respectively. So far 15371 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.80 on 07-Sep-2017 and a 52 week low of Rs. 18.10 on 09-Sep-2016.

Last one week high and low of the scrip stood at Rs. 73.80 and Rs. 65.00 respectively. The current market cap of the company is Rs. 91.88 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 prestigious path breaking order from Patanjali Ayurveda. The acquisition of stake in Future Farms LLP has started showing great results and adding up to the value of the company. Future Farms LLP, has recently bagged order of supplying Aloevera pulp from its Kanpar, Gujarat unit to consumer product manufacturer Patanjali Ayurveda.

In recent past, the supervisory and inspection team of Patanjali Ayurveda visited and inspected the farms and the pulp extraction unit and had suggested certain up gradation and renovation of the existing pulp extraction facilities. Following which all the necessary changes had been undertaken to improve the hygiene standards during pulp extraction process. After final satisfactory completion of renovation of processing unit and inspection, Patanjali Ayurveda has issued an Initial Purchase Order of 500 tonnes of Aloe Vera Pulp.

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.

Related White Organic Agro Ltd. Links:

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