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Hindustan Foods gains on signing lease deed with SIDCO

19 Dec 2017 Evaluate

Hindustan Foods is currently trading at Rs. 325.05, up by 6.25 points or 1.96% from its previous closing of Rs. 318.80 on the BSE.

The scrip opened at Rs. 305.00 and has touched a high and low of Rs. 338.00 and Rs. 305.00 respectively. So far 900 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 357.50 on 08-Dec-2017 and a 52 week low of Rs. 142.00 on 27-Jun-2017.

Last one week high and low of the scrip stood at Rs. 338.00 and Rs. 305.00 respectively. The current market cap of the company is Rs. 422.32 crore.

The promoters holding in the company stood at 60.40%, while Institutions and Non-Institutions held 0.06% and 39.55% respectively.

Hindustan Foods (HFL) has signed lease deed with State Industrial Development Corporation (SIDCO), Samba for transfer of the land on which the manufacturing unit of Reckitt Benckiser (India) is located to HFL. The company has also paid the entire consideration to Reckitt Benckiser (India).

The company is in the process of applying for the various licenses and is confident that it should be able to commercialize the unit very soon.

Earlier, the company had announced regarding the acquisition of the Pest products manufacturing unit at IGC II, SIDCO Samba, J&K from Reckitt Benckiser (India) on a going concern basis.

Hindustan Foods manufactures high quality cereal based food products and a range of instant mixes, baby foods, instant porridges, breakfast cereals and health drinks.


Hindustan Foods Share Price

509.15 2.40 (0.47%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 2718.25
DCM Shriram 1225.85
3M India 31394.15
Hindustan Foods 509.15
Balmer Lawrie & Co 176.20
View more..

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