Kwality strengthens on increasing its product prices

Kwality is currently trading at Rs. 32.20, up by 0.20 points or 0.63% from its previous closing of Rs. 32.00 on the BSE. The scrip opened at Rs. 32.50 and has touched a high and low of Rs. 32.75 and Rs. 32.00 respectively. So far 6177 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 40.25 on 12-Feb-2014 and a 52 week low of Rs. 18.00 on 08-Oct-2013. Last one week high and low of the scrip stood at Rs. 33.10 and Rs. 27.60 respectively. The current market cap of the company is Rs. 655.28 crore. The promoters holding in the company stood at 74.88 % while Institutions and Non-Institutions held 0.42 % and 24.70 % respectively. Kwality will increase its milk prices by Rs 2 per litre across all variants in the Delhi-NCR region with effect from Wednesday. The company will take this step as cost of procurement of milk has gone up in last few months. After the proposed increase, the Kwality full cream milk will cost Rs 48 per litre, toned milk will be priced at Rs 38 a litre and double toned would be available for Rs 34 a litre. Kwality, the country’s premier dairy foods company, focuses on building leadership positions in branded and added value markets across the dairy sector. It specializes in the storage of milk and related products. It sells about 3.5 lakh litres of milk per day.