Hindustan Foods is currently trading at Rs. 541.10, up by 3.25 points or 0.60% from its previous closing of Rs. 537.85 on the BSE.
The scrip opened at Rs. 536.40 and has touched a high and low of Rs. 545.00 and Rs. 535.00 respectively. So far 7945 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 669.00 on 12-Apr-2023 and a 52 week low of Rs. 491.05 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 555.40 and Rs. 531.05 respectively. The current market cap of the company is Rs. 6188.68 crore.
The promoters holding in the company stood at 64.85%, while Institutions and Non-Institutions held 12.65% and 22.50% respectively.
Hindustan Foods’ wholly owned subsidiary -- KNS Shoetech (KNS) has completed the acquisition of Manufacturing facility situated at HSIIDC, Haryana, India with KNS Trading (KTPL), for a final cash consideration of Rs 31.08 crore, as per the terms and conditions of the said Business Transfer Agreement (BTA) dated December 29, 2023 including amendments thereof (if any) entered between the KNS and KTPL.
The acquisition of the undertaking by KNS is in line with the company’s strategy to enter Contract Manufacturing and expansion of its business into Sneakers, Sports Shoes and its components.
Hindustan Foods specializes in setting up one-stop contract manufacturing solutions and the ability to consistently deliver quality products.
