Rasoi trades jubilantly on the BSE

Sep 26,2014   11:34 Hrs IST

Rasoi is currently trading at Rs. 742.00, up by 43.80 points or 6.27% from its previous closing of Rs. 698.20 on the BSE. The scrip opened at Rs. 667.00 and has touched a high and low of Rs. 742.00 and Rs. 667.00 respectively. So far 5 shares were traded on the counter. The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 920.00 on 12-Sep-2014 and a 52 week low of Rs. 345.00 on 15-Oct-2013. Last one week high and low of the scrip stood at Rs. 830.00 and Rs. 641.00 respectively. The current market cap of the company is Rs. 128.86 crore. The promoters holding in the company stood at 74.93% while Non-Institutions held 25.07% stake in the company.  Emami Group’s edible oil arm Emami Biotech has entered into agreement with Rasoi, edible oil arm of Rasoi Group to acquire edible oil brand ‘Rasoi’. The Rasoi brand of edible oils did annual business of around Rs 150 crore. Further, Emami group is planning to revive Rasoi and make it a national brand. The 70-years old Rasoi brand has a big lineage but its presence got limited to mostly the eastern region. The vanaspati market in India is estimated at around Rs 7,200 crore, led by Bunge's Dalda and Cargill’s Rath. Bunge bought Dalda from Hindustan Unilever and Cargill acquired Rath from Agro Tech Foods. Rasoi processes and sells vanaspati & refined oils (including Palm, Soya bean, Rice bran and Mustard oils) under the brand ‘Rasoi’. The firm was converted into a company and the name was changed to its present name in 1982. The manufacturing facility of the company is located at Falta in West Bengal and has installed capacity of 42,000 MT of vanaspati and 30,000 MT of refined oil.