GRM Overseas gains on entering into strategic partnership with Solariz Invest
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GRM Overseas is currently trading at Rs. 203.85, up by 1.90 points or 0.94% from its previous closing of Rs. 201.95 on the BSE.
The scrip opened at Rs. 201.00 and has touched a high and low of Rs. 205.65 and Rs. 200.40 respectively. So far 8223 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. 222.10 and Rs. 190.15 respectively. The current market cap of the company is Rs. 1216.50 crore.
The promoters holding in the company stood at 72.29%, while Institutions and Non-Institutions held 0.67% and 27.04% respectively.
GRM Overseas has entered into strategic partnership with Solariz Invest in Morocco. This collaboration represents a pivotal moment in GRM's global expansion efforts, as it introduces its flagship basmati rice brand ‘Tanoush’ to Moroccan consumers via Solariz Invest’s wide-reaching distribution network. ‘Tanoush’ will be offered in 1kg and 5kg Packs.
According to the agreement, Solariz Invest will act as the exclusive distributor of GRM Overseas products in Morocco. With a robust presence and proven capabilities in the region, Solariz Invest is well-equipped to boost GRM’s market penetration and enhance its brand visibility. The collaboration with Solariz Invest in Morocco exemplifies GRM’s strategic vision to expand into new markets, enhance brand visibility, and foster sustainable growth through impactful partnerships.
GRM Overseas is presently engaged in the business of processing and sale of rice.
