LT Foods hits new 52-week high on the bourses
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LT Foods is currently trading at Rs. 97.80, up by 0.45 points or 0.46 % from its previous closing of Rs. 97.35 on the BSE.
The scrip opened at Rs. 96.15 and has touched a high and low of Rs. 100.55 and Rs. 94.85 respectively. So far 1067288 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 100.55 on 25-Apr-2022 and a 52 week low of Rs. 58.75 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 100.55 and Rs. 88.00 respectively. The current market cap of the company is Rs. 3116.89 crore.
The promoters holding in the company stood at 56.81%, while Institutions and Non-Institutions held 4.77% and 38.42% respectively.
LT Foods has launched Daawat Biryani Kit for consumers to cook authentic Biryani at home with utmost convenience. Over the years LT Foods has been growing and solidifying its position in India, North America, Europe. Middle East, while expanding its reach to consumers in more than 60 countries across all channels.
At the same time, LT Foods has been expanding its product portfolio through Innovation to meet evolving and emerging consumer trends globally by focusing on Convenience and Health platforms-consistent to its growth strategy.
In the past, the Company has witnessed phenomenal success with new product launches with breakthrough innovation such as Daawat Quick Cooking Brown Rice on health and convenience platform, wherein it met the consumer need of healthier food with convenient cooking. Daawat Brown rice enjoys leadership position in this segment with more than 50% share in India. The Company has been continuously expanding its product portfolio in India and International market such as Daawat Cuppa Rice, Kari Kari Rice cracker Japanese snacks, Royal Ready to Heat Rice products (Royal being leading rice brand in North America).
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.
