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Prospect Commodities is currently trading at upper limit of Rs. 132.30, up by 6.30 points or 5.00% from its previous closing of Rs. 126.00 on the BSE.

The scrip opened at Rs. 132.30 and has touched a high and low of Rs. 132.30 and Rs. 132.30 respectively. So far 10000 shares were traded on the counter.

The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 132.30 on 06-May-2024 and a 52 week low of Rs. 52.00 on 08-Feb-2024.

Last one week high and low of the scrip stood at Rs. 132.30 and Rs. 119.60 respectively. The current market cap of the company is Rs. 65.63 crore.

The promoters holding in the company stood at 61.94%, while Non-Institutions held 38.06% stake in the company.

Prospect Commodities has signed a Memorandum of Understanding (MoU) with Africa Negoce Industries (ANI) to solidify its partnership. The total trade value of this MoU exceeds $4 million and is set to span until March 25, aiming to fortify the supply chain of raw cashew nuts and cashew husk/pellet. The specifics of the contract entail 3000 Metric Tons of Raw Cashew Nuts and 5000 Metric Tons of Cashew Husk/Pellet.

It is imperative that the raw cashew nuts and cashew husk/pellets meet the agreed-upon specifications and quality standards. Procuring directly from the manufacturer instead of the importer results in a significant cost reduction of over 20%, thereby enhancing margins. With the supply shipments arriving incrementally every week, there is a reduced inventory burden, promoting more efficient working capital management.

Prospect Commodities is in the business of trading of cashew in to B2B Market. The Company is selling the Cashew to the wholesalers. It is a well-known brand engaged in Cashew Processing Industry. The company is processor, exporter and supplier of Natural Cashew Kernel and many types of Flavoured Cashew Kernel.