NHC Foods is currently trading at Rs. 40.00, up by 2.35 points or 6.24% from its previous closing of Rs. 37.65 on the BSE.
The scrip opened at Rs. 40.05 and has touched a high and low of Rs. 42.75 and Rs. 39.90 respectively. So far 303840 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.90 on 02-Jul-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. 42.75 and Rs. 36.80 respectively. The current market cap of the company is Rs. 31.75 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 entered into a joint venture (JV) with Bigbasket.com, India’s largest online food & grocery store for the launch of its branded range of Spices - SAAZ. As a pilot venture the company has began with the city of Mumbai and now plans to introduce SAAZ in Hyderabad & Bangalore by offering its entire range on the PortalBigBasket.com exclusively for those cities.
With the online grocery market being largely untapped, NHC Foods estimates that it will enhance its existing consumer base thus resulting in monthly sales growth of around 10% by end of this financial year.
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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