NHC Foods slips 2%; to raise funds via stake sale

India Infoline News Service | Mumbai | September 19, 2016, 16:12 IST

The company announced that Malaysia based MAP Enterprises picked up a stake.

Dalal Street
NHC Foods Ltd ended at Rs. 18.1, down by Rs. 0.5 or 2.69% from its previous closing of Rs. 18.6 on the BSE. The company announced that Malaysia based MAP Enterprises picked up a stake. MAP Enterprises has been the NHC’s overseas partner for the last two decades.

The scrip opened at Rs. 18.1 and touched a high and low of Rs. 21.9 and Rs. 17.8 respectively. A total of 4219130 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 22.05 crore.

The BSE group 'XD' stock of face value Rs. 10 touched a 52 week high of Rs. 28.45 on 08-Aug-2016 and a 52 week low of Rs. 12.25 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 24.65 and Rs. 18 respectively.

The promoters holding in the company stood at 60.21 % while Institutions and Non-Institutions held 0.01 % and 39.79 % respectively.

The stock traded below its 50 DMA.
 

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