Prataap Snacks jumps on getting nod under Production Linked Incentive Scheme
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Prataap Snacks is currently trading at Rs. 806.40, up by 15.45 points or 1.95% from its previous closing of Rs. 790.95 on the BSE.
The scrip opened at Rs. 830.00 and has touched a high and low of Rs. 847.70 and Rs. 800.00 respectively. So far 12297 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 850.00 on 03-Dec-2021 and a 52 week low of Rs. 484.65 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 850.00 and Rs. 750.00 respectively. The current market cap of the company is Rs. 1882.81 crore.
The promoters holding in the company stood at 71.50%, while Institutions and Non-Institutions held 21.51% and 6.99% respectively.
Prataap Snacks has received approval under Production Linked Incentive (PLI) Scheme of Government of India for Food Processing Industry. Approval under Production Linked Incentive (PLI) Scheme - Category - I, Segment - Ready to Cook/Ready to Eat (RTC/RTE). Approval for sales based incentive. The incentive would be payable on incremental sales of eligible products over the base year sales as defined in the PLI Scheme.
PLI Scheme aimed to incentivise manufacturing of four major food product segments viz. Ready to Cook/Ready to Eat (RTC/RTE) including millet-based foods, Processed Fruits & Vegetables, Marine Products & Mozzarella Cheese in India.
Prataap Snacks is Indore-based Indian Snack Food Company. It sells products under the brand name ‘Yellow Diamond’. The company is among the top 6 Indian organized snack market. It has a diversified product portfolio including traditional and western snacks.
