GRM Overseas gains on entering into agreement with Seven Star Company
GRM Overseas is currently trading at Rs. 404.05, up by 6.30 points or 1.58% from its previous closing of Rs. 397.75 on the BSE.
The scrip opened at Rs. 401.55 and has touched a high and low of Rs. 404.05 and Rs. 399.20 respectively. So far 11710 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 408.50 on 09-Oct-2025 and a 52 week low of Rs. 175.95 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 406.70 and Rs. 378.80 respectively. The current market cap of the company is Rs. 2470.34 crore.
The promoters holding in the company stood at 70.84%, while Institutions and Non-Institutions held 2.38% and 26.79% respectively.
GRM Overseas has entered into an agreement with Seven Star Company, Riyadh (Kingdom of Saudi Arabia), for the distribution of its flagship basmati rice brand ‘10X’ across the Saudi Arabian market.
Under this strategic association, Seven Star Company will distribute GRM’s ‘10X’ basmati rice in multiple pack sizes through its robust distribution and retail network across the region. This partnership marks a significant step forward in GRM’s ongoing efforts to strengthen its presence in international markets, particularly in the Middle East.
GRM Overseas is presently engaged in the business of processing and sale of rice.
