White Agro introduces an eCommerce website,stocks up 4%

White Agro Limited has commenced its eCommerce integrated solutions for the brand “White Organics”.

Jan 09, 2017 11:01 IST India Infoline News Service

White Agro Limited, ( formerly know as White Diamond Industries Limited), has commenced its eCommerce integrated solutions for the brand “White Organics”.

Eyeing the transformation of India into a digital economy and in line with the vision of PM Narendra Modi's, cashless economy, which is going to be the way forward, this step has been taken.

The management was overwhelmed to inform that it has launched eCommerce online gateway – www.whiteorganics.co.in in line with the vision of converting into a cashless economy. The company very soon is also planning to unveil their dedicated mobile application.

It is the only listed company in the purely organic business and this is the first eCommerce portal to have been launched.

The world is witnessing a market shift towards organic products, which is resulting in a huge demand, globally. With thelaunch of the eCommerce platforms, the company will be able to tap the international demand and service globally.

Stock view:
White Diamond Industries Ltd is currently trading at Rs 40.9, up by Rs 1.6 or 4.07% from its previous closing of Rs 39.3 on the BSE.
The scrip opened at Rs 40.75 and has touched a high and low of Rs 41 and Rs 40.75 respectively. So far 9060(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 49.13 crore.
The BSE group 'XT' stock of face value Rs 10 has touched a 52 week high of Rs 43 on 16-Dec-2016 and a 52 week low of Rs 11.81 on 07-Jul-2016. Last one week high and low of the scrip stood at Rs 42.95 and Rs 36.2 respectively.
The promoters holding in the company stood at 27.56 % while Institutions and Non-Institutions held 0.1 % and 72.34 % respectively.
The stock is currently trading above its 50 DMA.

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