White Diamond adds four new product line, stock up over 2%

White Diamond Industries has surged over 2% as it has informed the bourses that it has added medicinal products , organic dry fruits,organic spices and organic snacks to its product range.

Feb 28, 2017 08:02 IST India Infoline News Service

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White Diamond Industries has surged over 2% as it has informed the bourses that it has added medicinal products , organic dry fruits, organic spices and organic snacks to its product range. The company has already launched over 200+ organic products in different categories and segment.

The company has transitioned from trading in diamonds to dealing in organic product’s; farming, distribution, cultivation and retailing.

The company has also changed its name from White Diamond Industries to White Organic Agro Limited.

The company is on a expansion spree and is looking to set up 40+ retail outlets across Pune, Mumbai, Nashik, Ahmedabad, Vadodra, Rajkot, Surat and other densely populated areas across India, manned by the upwardly mobile and health conscious.   

Stock view: 

The scrip opened at Rs 36.65 and has touched a high and low of Rs 37.75 and Rs 36.55 respectively. So far 6201(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 45.81 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 37.8 and Rs 35.5 respectively.
 
The promoters holding in the company stood at 27.56 % while Institutions and Non-Institutions held 0 % and 72.44 % respectively.
 
The stock is currently trading below its 50 DMA.
 
 
 
  

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