Heritage Foods rose 3.2% to Rs 1,151.15 at 11:45 IST on BSE after the company said its board will meet on 10 August 2017, to consider sub-division of equity shares.
The announcement was made during market hours today, 19 July 2017.
Meanwhile, the S&P BSE Sensex was up 178.33 points, or 0.56% at 31,889.32. The S&P BSE Small-Cap index was up 149.23 points, or 0.94% at 15,966.83.
On the BSE, 4,599 shares were traded on the counter so far as against the average daily volumes of 2,278 shares in the past one quarter. The stock had hit a high of Rs 1,176 and a low of Rs 1,120 so far during the day. The stock had hit a record high of Rs 1,203.15 on 2 May 2017 and a 52-week low of Rs 515 on 19 July 2016.
The stock had underperformed the market over the past one month till 18 July 2017, declining 2.24% compared with the Sensex's 2.11% rise. The scrip had also underperformed the market over the past one quarter gaining 3.18% as against the Sensex's 8.16% rise. The scrip had, however, outperformed the market over the past one year advancing 114.05% as against the Sensex's 14.29% rise.
The small-cap company has equity capital of Rs 23.20 crore. Face value per share is Rs 10.
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Heritage Foods said that a meeting of the board of directors of the company is scheduled to be held on Thursday, 10 August 2017, to consider the sub-division of equity shares of the company.
Heritage Foods' consolidated net profit fell 18.6% to Rs 14.69 crore on 10.4% increase in net sales to Rs 677.35 crore in Q4 March 2017 over Q4 March 2016.
Heritage Foods operates in dairy, retail, agri, bakery and renewable energy segments.
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