Vadilal Industries is currently trading at Rs. 227.20, up by 7.50 points or 3.20% from its previous closing of Rs. 220.15 on the NSE.
The scrip opened at Rs. 222.10 and has touched a high and low of Rs. 237.70 and Rs. 222.15 respectively. So far 5, 52,050 shares were traded on the counter.
The NSE stock of face value Rs. 10 has touched a 52 week high of Rs. 306.00 on 10-Sep-2012 and a 52 week low of Rs. 85.20 on 20-Dec-2011.
The promoters holding in the company stood at 65.38% while Institutions and Non-Institutions held 0.14% and 34.49% respectively.
Vadilal Industries is planning to double its processed food revenues to over Rs 100 crore in next three years on the back of growing demand for its large variety of frozen processed foods in domestic as well as export markets.
Vadilal, widely known as the second largest ice cream player in India is also amongst the largest branded processed food players in the country and has been one of the pioneers in exports of Indian frozen food products.
With a brand new packaging, the company is going to aggressively grow this business in India and globally under the ‘Quick Treat’ brand. After having established a strong presence in Gujarat, Mumbai, Rajasthan and UP for domestic markets, the company will soon expand in a big way in the national capital region (NCR). Thereafter, it will tap all the major cities in the south, north and east. For exports, Vadilal will focus on North America, Middle East, UK, South Africa and Australia.
Vadilal Industries is engaged in the manufacture and sale of ice-cream and processed food products. The company's ice-cream segment offers a range of ice creams and frozen desserts in packs, including cups, party packs, family bricks, dollies, cones, and candies.
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