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NHC Foods zooms on plan to mop-up Rs 25 crore via QIP routes

20 Feb 2013 Evaluate

NHC Foods is currently trading at Rs. 42.45, up by 1.70 points or 4.17% from its previous closing of Rs. 40.75 on the BSE.

The scrip opened at Rs. 41.50 and has touched a high and low of Rs. 42.95 and Rs. 40.75 respectively. So far 5409 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.05 on 07-Jan-2013 and a 52 week low of Rs. 17.55 on 24-May-2012.

Last one week high and low of the scrip stood at Rs. 50.95 and Rs. 40.00 respectively. The current market cap of the company is Rs. 24.88 crore.

The promoters holding in the company stood at 51.41% while Institutions and Non-Institutions held 0.02% and 48.57% respectively.

NHC Foods is planning to mop-up Rs 25 crore through qualified institutional placements (QIPs) in March 2013. The company will use the raised fund to meet the working requirement for its proposed expansion plans.

NHC Foods (formerly known as Midpoint Software & Electro Systems), is a government recognized star export house. The company is active in the manufacture and export of spice products viz. Seed, Grounded and Blended.

Peers
Company Name CMP
Nestle India 1353.15
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Britannia Industries 4930.00
LT Foods 424.20
Hatsun Agro Product 1136.45
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