White Organic Agro soars on initiating cultivation of cluster beans

23 Oct 2018 Evaluate

White Organic Agro is currently trading at Rs. 68.05, up by 1.25 points or 1.87% from its previous closing of Rs. 66.80 on the BSE.

The scrip opened at Rs. 69.55 and has touched a high and low of Rs. 69.55 and Rs. 65.75 respectively. So far 3326 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 138.50 on 23-Jan-2018 and a 52 week low of Rs. 62.20 on 28-Jun-2018.

Last one week high and low of the scrip stood at Rs. 80.00 and Rs. 65.75 respectively. The current market cap of the company is Rs. 119.09 crore.

The promoters holding in the company stood at 25.40%, while Non-Institutions held 74.60% stake in the company.

White Organic Agro has initiated the expanded dedicated cultivation of cluster beans, for the winter season, with mutual consent for the total buyout of the produce by Innovative Cuisine. The final produce of cluster beans had cleared all the required quality checks and quality team of the buyers are looking forward for long term association with the company. Upon successful completion of the Cluster Beans order, Innovative Cuisine had intended to undergo cultivation of many different vegetables for its export and distribution network across the globe.

Innovative Cuisine has given a go ahead to initiate plantation and supply of residue free organic long beans, G4 Chilly, brown chickpea, green vegetable pigeon pea. They have also shown interest in various pulses like Green Gram and Black gram. As intended initially during the initial order of the supply of cluster beans for cultivation and supply of all other vegetables at a pre-decided price. The total revenue expected from the current cultivation value of vegetables would be around Rs 50 lakh per cycle.

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.

White Organic Agro Share Price

7.58 -0.05 (-0.66%)
23-May-2024 12:44 View Price Chart
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