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Agro Tech Foods in demand as ConAgra Foods hikes stake

30 Nov 2011 Evaluate

Agro Tech Foods is currently trading at Rs 434.30, up by 24.25 points or 5.91% from its previous closing of Rs 410.05 on the BSE.

The scrip opened at Rs 426.00 and has touched a high and low of Rs 449.95 and Rs 422.10 respectively. So far 141067 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 483.60 on 25-Jul-2011 and a 52 week low of Rs 291.05 on 09-Feb-2011.

Last one week high and low of the scrip stood at Rs 449.95 and Rs 363.20 respectively. The current market cap of the company is Rs 999.26 crore.

The promoters holding in the company stood at 48.11% while Institutions and Non-Institutions held 11.24% and 40.65% respectively. 

US-based processed food major ConAgra Foods has increased its stake in Agro Tech Foods (ATFL) by 3.67% for Rs 51.82 crore. ConAgra Foods has bought 8,93,465 shares of Agro Tech Foods from a third party for a price of Rs 51.82 crore.

After the additional stake purchase, its holding will go up to 51.77%. Earlier, ConAgra held 48.11% stake, or 1,17,23,154 shares, in AFTL -- owners of refined oil brand Sundrop.

ConAgra will continue to work with Agro Tech’s management team to expand its business and investment in India. ConAgra Foods is one of North America’s leading food companies, with brands like Banquet, Orville Redenbacher's, Peter Pan, Reddi-wip, Slim Jim, Snack Pack, etc.

ATFL is in the business of marketing food and food ingredients to consumers and institutional customers. The company has also expanded its brand portfolio to products such as Sundrop peanut butter and Act II popcorn among others.

Sundrop Brands Share Price

648.20 -3.05 (-0.47%)
22-Apr-2026 10:27 View Price Chart
Peers
Company Name CMP
AWL Agri Business 197.00
Patanjali Foods 471.75
Gokul Agro Resources 221.10
Marico 764.50
BCL Industries 32.90
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