NHC Foods is currently trading at Rs. 30.90, up by 0.25 points or 0.82% from its previous closing of Rs. 30.65 on the BSE.
The scrip opened at Rs. 33.00 and has touched a high and low of Rs. 33.00 and Rs. 30.70 respectively. So far 11,000 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. 26.00 on 25-Nov-2013.
Last one week high and low of the scrip stood at Rs. 35.00 and Rs. 30.50 respectively. The current market cap of the company is Rs. 17.00 crore.
The promoters holding in the company stood at 51.41% while Institutions and Non-Institutions held 0.02% and 48.57% respectively.
In a bid to expand it footprint in other states, Spices producer and retailer NHC Foods is planning to acquire processing units in central Indian states. Further, the company is planning to launch new brands for which it will raise Rs 50 crore through qualified institutional placement to acquire new units in India and abroad.
NHC Foods which sells Saaz Masala and gourmet spices, intends to expand its footprint to other states with the Government regulations making it mandatory to sell powdered spices and condiments only in packed form.
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