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Heritage Foods rises on commissioning curd facility in Q3FY21

01 Feb 2021 Evaluate

Heritage Foods is currently trading at Rs. 283.20, up by 4.50 points or 1.61% from its previous closing of Rs. 278.70 on the BSE.

The scrip opened at Rs. 283.95 and has touched a high and low of Rs. 286.00 and Rs. 281.10 respectively. So far 9959 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 407.70 on 20-Feb-2020 and a 52 week low of Rs. 146.70 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 293.00 and Rs. 268.30 respectively. The current market cap of the company is Rs. 1312.37 crore.

The promoters holding in the company stood at 39.90%, while Institutions and Non-Institutions held 20.01% and 40.10% respectively.

Heritage Foods has installed the facilities to manufacture Curd with a capacity of 50 MT per day at in Vizianagaram in Andhra Pradesh and the commercial production commenced during Q3 FY20-21.

Besides, the company has installed the facilities of R&D Pilot Plant at IDA Uppal, Hyderabad, Telangana, India for new innovations in January 2021.

Heritage Foods (India) operates three divisions namely Dairy, Retail and Agri. Presently, Heritage’s milk products have market presence in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Maharastra and has retail stores across Bangalore, Chennai and Hyderabad.

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