Satchmo Holdings soars on commissioning production of food factory
Satchmo Holdings is currently trading at Rs. 3.90, up by 0.14 points or 3.72% from its previous closing of Rs. 3.76 on the BSE.
The scrip opened at Rs. 3.90 and has touched a high and low of Rs. 3.94 and Rs. 3.66 respectively. So far 23445 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 4.99 on 02-Dec-2025 and a 52 week low of Rs. 2.56 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 4.18 and Rs. 3.62 respectively. The current market cap of the company is Rs. 56.58 crore.
The promoters holding in the company stood at 44.76%, while Institutions and Non-Institutions held 6.94% and 48.30% respectively.
Satchmo Holdings, through its wholly owned subsidiary, has successfully commissioned its manufacturing facility (Food Factory) for production of packaged food items, including idli & dosa batter, ready-to-make-chapati, sweets and other snacks items. The subsidiary has commenced operations and started production for sampling and testing purposes and upon successful completion of this initial phase, its first set of packaged food products is expected to be launched in the market during this quarter.
The company has also made a substantial capital expenditure (CAPEX) investment in the subsidiary towards establishing the initial production capacity of the aforesaid food manufacturing facility, which forms a significant part of the company’s strategic expansion into the food industry and its future growth plans.
Satchmo Holdings is a real estate developer and has recently changed its objects and has added new lines of business.
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