Jhandewalas Foods soars on inking pact with Francorp Advisors
Jhandewalas Foods is currently trading at Rs. 87.98, up by 1.48 points or 1.71% from its previous closing of Rs. 86.50 on the BSE.
The scrip opened at Rs. 88.23 and has touched a high and low of Rs. 88.23 and Rs. 87.98 respectively. So far 18000 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 191.00 on 18-May-2024 and a 52 week low of Rs. 18.98 on 13-Dec-2023.
Last one week high and low of the scrip stood at Rs. 88.23 and Rs. 73.99 respectively. The current market cap of the company is Rs. 116.66 crore.
The promoters holding in the company stood at 50.90%, while Non-Institutions held 49.10% stake in the company.
Jhandewalas Foods has entered into a Franchise Development Program and Representation & Recruitment Services Agreement with Francorp Advisors, effective from December 15, 2024.
Under the Franchise Development Program, the company will work closely with Francorp Advisors for the development and expansion of its franchise network, thereby increasing its market presence. This program aligns with the company’s business strategy to expand its product offerings and penetrate new markets. As part of the Representation & Recruitment Services Agreement, Francorp Advisors will also provide representation and recruitment services to the Company, aimed at sourcing qualified talent for the expansion and growth of the company's operations under the franchise model.
The signing of this agreement is a key step in the company's growth strategy and is expected to contribute positively to its future operations and financial performance. The collaboration will enhance the company’s market positioning and open new revenue streams.
Jhandewalas Foods is currently involved in manufacturing of ghee.
