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Food processing stocks surge as govt announces allocation to industry to be doubled to Rs 1400 crore

01 Feb 2018 Evaluate

Food processing stocks surged after Finance Minister Arun Jaitley announced allocation to food processing will be doubled from Rs 715 crore last year to Rs 1400 crore in 2018-19.

Heritage Foods is currently trading at Rs. 770.00, up by 11.45 points or 1.51% from its previous closing of Rs. 758.55 on the BSE. The scrip opened at Rs. 745.25 and has touched a high and low of Rs. 782.45 and Rs. 745.20 respectively. So far 1226 shares were traded on the counter.

Future Consumer is currently trading at Rs. 64.25, up by 1.15 points or 1.82% from its previous closing of Rs. 63.10 on the BSE. The scrip opened at Rs. 64.00 and has touched a high and low of Rs. 65.20 and Rs. 63.80 respectively. So far 355217 shares were traded on the counter.

Peers
Company Name CMP
Nestle India 1371.55
Varun Beverages 414.70
Britannia Industries 5004.90
LT Foods 429.50
Hatsun Agro Product 1319.00
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