LT Foods hits new high; stock trades ex-stock split

The stock hit a new high of Rs 51, rallied 96% in past three months from Rs 26 on November 7, 2016.

LT Foods hit its new high of Rs 51, up 9% on the BSE in the late afternoon trade, on the back of heavy volumes in an otherwise weak market after the stock turned ex-stock split in the ratio of 1:10.

LT Foods had announced on November 14, 2016 splitting its stock from the current face value of Rs 10 each to Re 1 each to enhance liquidity in trading. The market price of the company has witnessed significant increase over the last few years.

The stock of the company engaged in the manufacture and sale of rice