Oceanaa Biotek rises on signing MoU with Inteqc Holding

19 Mar 2018 Evaluate

Oceanaa Biotek Industries is currently trading at Rs. 160.00, up by 1.45 points or 0.91% from its previous closing of Rs. 158.55 on the BSE.

The scrip opened at Rs. 166.45 and has touched a high and low of Rs. 166.45 and Rs. 158.60 respectively. So far 4068 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 187.20 on 08-Mar-2018 and a 52 week low of Rs. 37.00 on 29-Sep-2017.

Last one week high and low of the scrip stood at Rs. 172.65 and Rs. 157.55 respectively. The current market cap of the company is Rs. 217.04 crore.

The promoters holding in the company stood at 39.07%, while Non-Institutions held 60.93% stake in the company.

Oceanaa Biotek Industries has signed Memorandum of Understanding (MoU) with Inteqc Holding, a Thailand group feed manufacturing Company to jointly set up a Shrimp feed manufacturing unit.

Shrimp feed manufacturing unit will be constructed at Chennai-Nellore Highway jointly by the Company to cope with the market demands of feed business.

Oceanaa Biotek Industries is engaged in the trading of aquaculture products in India. The company also focuses on providing food analysis laboratory services that performs consumer food testing for food producers worldwide.