Hindustan Media Ventures surges on inking pact to make investment in DSM Fresh Foods
Hindustan Media Ventures is currently trading at Rs. 80.76, up by 1.76 points or 2.23% from its previous closing of Rs. 79.00 on the BSE.
The scrip opened at Rs. 81.69 and has touched a high and low of Rs. 81.69 and Rs. 79.47 respectively. So far 5900 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.30 on 01-Nov-2023 and a 52 week low of Rs. 41.00 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 81.69 and Rs. 78.00 respectively. The current market cap of the company is Rs. 587.53 crore.
The promoters holding in the company stood at 74.40%, while Institutions and Non-Institutions held 0.16% and 25.44% respectively.
Hindustan Media Ventures has entered into agreement on November 20, 2023, for making an investment of Rs 11.99 crore, by subscribing to 807 equity shares of DSM Fresh Foods (Zappfresh). Investment is being made into a growing company that is doing well in the space of online delivery of meat products (fresh and ready-to-cook/eat).
Hindustan Media Ventures is engaged in the business of Printing and Publication of Newspapers and Periodicals.
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