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Agro Tech Foods gains after fund buying

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Capital Market

Agro Tech Foods rose 1.86% to Rs 698 at 10:34 IST on BSE after EQ India Fund bought 1.50 lakh shares at Rs 650 per share of the company in a bulk deal on NSE yesterday, 12 April 2018.

Meanwhile, the S&P BSE Sensex was up 158.60 points or 0.47% at 34,259.73. The S&P BSE Small-Cap index was up 114.08 points or 0.64% at 18,048.91.

On the BSE, 12,000 shares were traded on the counter so far as against the average daily volumes of 1,954 shares in the past one quarter. The stock had hit a high of Rs 718.95 and a low of Rs 693 so far during the day. The stock had hit a 52-week high of Rs 815 on 16 January 2018 and a 52-week low of Rs 480.05 on 30 May 2017.

 

The small-cap company has equity capital of Rs 24.37 crore. Face value per share is Rs 10.

EQ India Fund is run by well known investor Porinju Veliyath.

Agro Tech Foods' net profit rose 16.07% to Rs 9.03 crore on 3.17% rise in net sales to Rs 214.39 crore in Q3 December 2017 over Q3 December 2016.

Agro Tech Foods is engaged in the business of marketing food and food ingredients to consumers. It is affiliated to ConAgra Foods, Inc. of USA, which is one the world's largest food companies.

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First Published: Apr 13 2018 | 10:47 AM IST

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