LT Foods is currently trading at Rs. 67.40, up by 1.60 points or 2.43% from its previous closing of Rs. 65.80 on the BSE.
The scrip opened at Rs. 67.50 and has touched a high and low of Rs. 68.80 and Rs. 67.05 respectively. So far 23753 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 90.40 on 24-May-2021 and a 52 week low of Rs. 54.05 on 19-Mar-2021.
Last one week high and low of the scrip stood at Rs. 66.80 and Rs. 59.30 respectively. The current market cap of the company is Rs. 2104.58 crore.
The promoters holding in the company stood at 56.81%, while Institutions and Non-Institutions held 4.80% and 38.39% respectively.
LT Foods’ material wholly-owned subsidiary — LT Foods Americas (LTFA) has acquired 51% stake in Golden Star Trading Inc. along with its brand Golden Star with a call option to further acquire 49% stake at the end of 3 years.
LTFA is a material non-listed subsidiary of the Company contributing more than 35% to the overall revenue through its flagship brand Royal in North America. The acquisition entails strengthening share of LTFA in the branded Jasmine Rice Market.
LT Foods is a branded specialty foods company.
It is engaged in milling, processing and marketing of branded and non-branded basmati rice, and manufacturing of rice food products in the domestic and overseas market.