GRM Overseas climbs on bagging new order worth Rs 60 crore from Bin Awadh Alnaqeeb Group
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GRM Overseas is currently trading at Rs. 199.45, up by 5.75 points or 2.97% from its previous closing of Rs. 193.70 on the BSE.
The scrip opened at Rs. 191.50 and has touched a high and low of Rs. 204.95 and Rs. 191.50 respectively. So far 126957 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 231.35 on 08-Sep-2023 and a 52 week low of Rs. 114.15 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 204.95 and Rs. 176.95 respectively. The current market cap of the company is Rs. 1200.00 crore.
The promoters holding in the company stood at 72.16%, while Institutions and Non-Institutions held 0.26% and 27.58% respectively.
GRM Overseas has bagged a new order worth Rs 60 crore from Bin Awadh Alnaqeeb Group from Yemen. As per the agreement, GRM Overseas will ship Indian Basmati Rice to Bin Awadh Alnaqeeb Group, which is the largest importer of Basmati Rice from India. The Rs 60 crore order is the biggest order the company has received from the Yemen-based importer distributor till date.
GRM Overseas is presently engaged in the business of processing and sale of rice.
