Prospect Consumer Products soars on doubling production capacity to over 2,500 MT
Prospect Consumer Products is currently trading at Rs. 107.10, up by 4.80 points or 4.69% from its previous closing of Rs. 102.30 on the BSE.
The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 109.20 and Rs. 105.00 respectively. So far 2000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 186.20 on 08-Jul-2024 and a 52 week low of Rs. 65.00 on 12-Feb-2024.
Last one week high and low of the scrip stood at Rs. 109.20 and Rs. 105.00 respectively. The current market cap of the company is Rs. 57.01 crore.
The promoters holding in the company stood at 50.92%, while Non-Institutions held 49.08% stake in the company.
Prospect Consumer Products has completed a major operational expansion that more than doubles its production capacity from 1,200 MT to over 2,500 MT. The newly enhanced production facilities feature state-of-the-art automation systems that significantly reduce manual processing requirements while ensuring consistent product quality.
This modernization and expansion initiative is now fully operational and optimized, marking a significant milestone in the company's strategic growth initiative. The development comes in response to increasing domestic and international demand for high-quality cashew kernels and related products.
Established in 2022, Prospect Consumer Products (Formerly known as Prospect Commodities) has emerged as a prominent player in the cashew trading industry. Based in Gujarat, the company specializes in processing, exporting, and supplying natural cashew kernels to wholesalers in the B2B market.
