LT Foods surges 4%, hits new high on fund raising plan; up 12% in 3 days

The company's board will discuss future strategic plans, inter-alia, potential raising of funds, in their forthcoming meeting on Monday, October 31, 2022

Shares of LT Foods hit a new high of Rs 135.80 as they surged 4 per cent on the BSE in Thursday's intra-day trade, amid heavy volumes, after the company announced fund raising plan. In the past three days, the stock has rallied 12 per cent, while it has zoomed 54 per cent in past three months. In comparison, the BSE Sensex gained 7 per cent in three months.

LT Foods, engaged in the manufacture and sale of rice under the brand Daawat, said on Tuesday that the board will also discuss future strategic plans, inter-alia, potential raising of