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NHC Foods trades jubilantly on getting RBI’s nod to hike FII limit to 49%

10 Jan 2014 Evaluate

NHC Foods is currently trading at Rs. 39.00, up by 4.80 points or 14.04% from its previous closing of Rs. 34.20 on the BSE.

The scrip opened at Rs. 34.20 and has touched a high and low of Rs. 40.80 and Rs. 34.20 respectively. So far 53487 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 56.10 on 15-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. 40.80 and Rs. 28.50 respectively. The current market cap of the company is Rs. 22.59 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 has received Reserve Bank of India’s (RBI) approval to increase limit on investments in equity shares and convertible debentures by foreign institutional investors through primary market and stock exchanges to 49%. Non-resident Indians (NRI) and Persons of Indian Origin (PIO) can invest up to 24% of the company’s paid-up capital.

In November 2013, shareholders of NHC Foods at an extraordinary general meeting (EGM) had approved hiking FIIs' investment limit in the company from 24% to 49% and limit of NRIs holding in the firm to 24% from 10%.

NHC Foods is Government Recognized Star Export House engaged in the Business of Exporting Whole & Ground Spices, Oil Seeds, Food Grains, & Animal Feeds. The company has its state-of-the-art manufacturing facilities at Pardi in Gujarat. The company currently exports to 60 countries and has more than 200 International customers.

NHC Foods Share Price

0.94 0.03 (3.30%)
20-Apr-2026 15:19 View Price Chart
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