Usher Agro shines on commencing commercial production at rice milling facilities in UP

Usher Agro is currently trading at Rs. 41.70, up by 1.25 points or 3.09% from its previous closing of Rs. 40.45 on the BSE. The scrip opened at Rs. 41.95 and has touched a high and low of Rs. 42.90 and Rs. 41.70 respectively. So far 44581 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 49.65 on 08-Jan-2014 and a 52 week low of Rs. 24.30 on 30-Oct-2013. Last one week high and low of the scrip stood at Rs. 40.80 and Rs. 37.20 respectively. The current market cap of the company is Rs. 160.80 crore. The promoters holding in the company stood at 32.25% while Institutions and Non-Institutions held 12.71% and 55.04% respectively. Usher Agro has commenced commercial production of its new rice milling facilities located at Chhata, Mathura district in state of Uttar Pradesh as part of the company’s on-going capacity expansion project. The trial runs of the said facilities are completed successfully and now commercial production has been started with effect from April 28, 2014. After successful commissioning of the above project the company has forwarded another step to emerge as complete basic food processor. Usher Agro is extensively into producing fine & superfine Wheat flour (Maida), Samolina premium (Rawa/Suji), R-Aata, Whole meal Aata (Chakki Aata), and Bran (choker). These wheat products are also plugged under the well-known brand ‘Rasoi Raaja’.