Thursday 18 July 2013

Heritage Foods gains on plan to set up second ice-cream plant in Andhra Pradesh

Heritage Foods is currently trading at Rs. 519.40, up by 26.80 points or 5.44% from its previous closing of Rs. 492.60 on the BSE.

The scrip opened at Rs. 532.00 and has touched a high and low of Rs. 542.00 and Rs. 511.15 respectively. So far 10,020 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 569.75 on 10-Jan-2013 and a 52 week low of Rs. 150.05 on 18-Jul-2012.

Last one week high and low of the scrip stood at Rs. 514.50 and Rs. 483.15 respectively. The current market cap of the company is Rs. 602.00 crore.

The promoters holding in the company stood at 40.02% while Institutions and Non-Institutions held 2.54% and 57.43% respectively.

Heritage Foods has received an approval to set-up / commission the second ice-cream plant at Mattam village in Chittoor district in state of Andhra Pradesh. The board of directors at its meeting held on July 17, 2013 has approved for the same.

Heritage Foods (India) has established 67 stores, mostly in Chennai, Bangalore and Hyderabad, offering vegetables, fruits, staples and other consumer items. The average store size is about 3,000 square feet.

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