Megastar Foods is currently trading at its upper circuit limit of Rs. 57.50, up by 1.75 points or 3.14% from its previous closing of Rs. 55.75 on the BSE.
The scrip opened at Rs. 54.00 and has touched a high and low of Rs. 57.50 and Rs. 54.00 respectively. So far 12000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 59.50 on 13-Nov-2018 and a 52 week low of Rs. 30.50 on 25-May-2018.
Last one week high and low of the scrip stood at Rs. 57.50 and Rs. 54.00 respectively. The current market cap of the company is Rs. 56.95 crore.
The promoters holding in the company stood at 67.71%, while the Non-Institutions held 32.29% stake in the company.
Megastar Foods is planning to incorporate a subsidiary Company. The meeting of the Board of Directors of the company is scheduled to be held on November 27, 2018, to consider the same.
Megastar Foods is engaged in the manufacturing of food based products such as wheat flour, organic wheat flour products and allied flour products.
