NHC Foods is currently trading at Rs. 43.90, up by 1.60 points or 3.78% from its previous closing of Rs. 42.30 on the BSE.
The scrip opened at Rs. 41.60 and has touched a high and low of Rs. 47.00 and Rs. 41.60 respectively. So far 81,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 47.50 on 03-Jun-2014 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. 47.00 and Rs. 41.50 respectively. The current market cap of the company is Rs. 33.79 crore.
The promoters holding in the company stood at 38.71%, while Institutions and Non-Institutions held 0.01% and 61.28% respectively.
NHC Foods under its aggressive marketing strategy has bagged the contract for supplying the Central Police Canteens of India, a government undertaking. This is the initial order for the company’s high margin branded spice range - SAAZ to the CPC. With this order, the company’s products will be sold at over 126 Master Canteens of the Central Police Departments across India. This is in line with the company’s overall strategy of focusing on its branded segment, increasing its sale volume and market presence across the country.
The total requirement of all Central Police Canteens is well over Rs 100 crores per year and on successful completion of this order, the Company hopes to capture 25% share of all procurement by the Canteen’s by 2015.
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.
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