Vintage Coffee and Beverages surges after its arm starts commercial production of fully automated packing line
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Vintage Coffee & Beverages is currently trading at Rs. 131.30, up by 1.20 points or 0.92% from its previous closing of Rs. 130.10 on the BSE.
The scrip opened at Rs. 132.00 and has touched a high and low of Rs. 132.85 and Rs. 129.60 respectively. So far 59024 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 143.30 on 21-Oct-2024 and a 52 week low of Rs. 31.00 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 132.85 and Rs. 118.20 respectively. The current market cap of the company is Rs. 1617.15 crore.
The promoters holding in the company stood at 40.57%, while Institutions and Non-Institutions held 2.25% and 57.19% respectively.
Vintage Coffee and Beverages’ 100% subsidiary -- Vintage Coffee has commenced its commercial production of its fully automated packing line from October 31, 2024, ahead of planned timeline of January 2025, at its instant coffee manufacturing unit near Hyderabad.
This fully automated packaging line will enable to improve share of consumer packs in the product mix for exports. With this packaging unit, the company will be able to increase consumer pack exports by another 25% which has higher realisation over bulk instant coffee exports.
Vintage Coffee and Beverages is engaged in the business of trading and exporting of coffee and beverages products.
