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GRM Overseas touches roof on expanding 10X brand by introducing packaged wheat flour

28 Feb 2022 Evaluate

GRM Overseas is currently trading at its upper circuit limit of Rs. 595.85, up by 28.35 points or 5.00% from its previous closing of Rs. 567.50 on the BSE.

The scrip opened at Rs. 567.40 and has touched a high and low of Rs. 595.85 and Rs. 546.35 respectively. So far 28582 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 935.40 on 20-Jan-2022 and a 52 week low of Rs. 66.85 on 26-Feb-2021.

Last one week high and low of the scrip stood at Rs. 599.00 and Rs. 506.35 respectively. The current market cap of the company is Rs. 3575.10 crore.

The promoters holding in the company stood at 72.00%, while Institutions and Non-Institutions held 0.04% and 27.96% respectively.

GRM Overseas has further strengthened its 10X brand through the addition of packaged Wheat Flour ‘10X Shakti Chakki Fresh Atta’, in its Direct-to-Consumer (D2C) product offerings under its subsidiary GRM Foodkraft  (GFK). This is the second major D2C product offering by the company after the introduction of ‘10X Biryani Kit’ in December 2021.

Wheat flour is a staple food for most Indian households. India’s packaged wheat flour has a market size of Rs 220 billion and is growing at CAGR of 20%, with urban market occupying more than 90% of the overall market. However, with increased market penetration by the leading market players, rural market is also likely to report steady growth of packaged wheat flour in India. General macro factors like, growing disposable incomes, increasing consumption of bakery goods, changing lifestyles and growing technological advancements with easy access to internet are also pushing up the demand for packaged wheat flour.

GRM Overseas is presently engaged in the business of processing and sale of rice.

GRM Overseas Share Price

163.30 1.55 (0.96%)
21-Apr-2026 12:09 View Price Chart
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