LT Foods shines 2% after JV with Japanese Snack company

India Infoline News Service | Mumbai | November 25, 2016 12:28 IST

LT Foods and its partner KAMEDA believe the large and expanding urban middle-class in India are ripe for a healthy and tasty alternative to fried potatoes and wheat based snacks.

LT Foods
L T Foods Ltd is currently trading at Rs 261.9, up by Rs 4.9 or 1.91% from its previous closing of Rs 257 on the BSE. The company has entered into Joint Venture with Kameda Seika of Japan to manufacture and market rice based snacks in India.

LT Foods and its partner KAMEDA believe the large and expanding urban middle-class in India are ripe for a healthy and tasty alternative to fried potatoes and wheat based snacks.

The scrip opened at Rs 264 and has touched a high and low of Rs 267.15 and Rs 260 respectively. So far 18675 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 685.24 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 319.2 on 20-Jul-2016 and a 52 week low of Rs 180 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 280 and Rs 240 respectively.

The promoters holding in the company stood at 67.19 % while Institutions and Non-Institutions held 1.03 % and 31.78 % respectively.

The stock is currently trading below its 100 DMA.

***Note: This is a NSE Chart

 

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