Spright Agro rises on planning to acquire additional land for contract farming
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Spright Agro is currently trading at upper limit of Rs. 11.41, up by 0.23 points or 2.01% from its previous closing of Rs. 11.19 on the BSE.
The scrip opened at Rs. 11.41 and has touched a high and low of Rs. 11.41 and Rs. 11.41 respectively. So far 4386852 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 44.66 on 09-Aug-2024 and a 52 week low of Rs. 2.52 on 30-Nov-2023.
Last one week high and low of the scrip stood at Rs. 11.41 and Rs. 10.55 respectively. The current market cap of the company is Rs. 1268.23 crore.
The non-institutions held 100.00% stake in the company.
Spright Agro is planning to acquire additional land to further expand its contract farming operations. This strategic move underscores the company’s unwavering commitment to growth, innovation, and sustainability in the agricultural sector.
This planned acquisition aligns with the company’s vision to strengthen its market presence and maintain its position as a leader in the field. The anticipated expansion is expected to boost the company’s overall revenue by around 10-15%, reflecting proportionate growth in net revenue for the financial year.
Spright Agro is engaged in the Commercial Agriculture to deal in trading, export, import such agricultural products.
