NHC Foods spurts on bagging order worth Rs 50 crore from China

01 Jul 2014 Evaluate

NHC Foods is currently trading at Rs. 42.10, up by 1.25 points or 3.06% from its previous closing of Rs. 40.85 on the BSE.

The scrip opened at Rs. 41.90 and has touched a high and low of Rs. 42.75 and Rs. 41.00 respectively. So far 21685 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. 46.00 and Rs. 38.85 respectively. The current market cap of the company is Rs. 32.02 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 has bagged its largest order from China worth Rs 50 crore from MINH PHAT IMEXCO, JSC & CAM GIAGNG, JSC, leading importers of Food Products. The order is for NHC’s Saaz Spices Range, especially Cumin. The company hopes to successfully send its first shipment to China valued at Rs 20 crore by the second quarter of FY 2014-15 itself.

Saaz is the company’s high margin branded spices product line. This is in-line with the company’s vision of penetrating Asian Markets which have long been traditional trading partners in India’s Spice Market.

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

2.83 0.09 (3.28%)
18-Dec-2024 16:59 View Price Chart
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