Wardwizard Foods and Beverages zooms on signing MoU with Government of Gujarat
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Wardwizard Foods and Beverages is currently trading at Rs. 32.48, up by 2.51 points or 8.38% from its previous closing of Rs. 29.97 on the BSE.
The scrip opened at Rs. 30.00 and has touched a high and low of Rs. 32.96 and Rs. 29.38 respectively. So far 1071403 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 49.90 on 21-Aug-2023 and a 52 week low of Rs. 19.50 on 28-Nov-2023.
Last one week high and low of the scrip stood at Rs. 32.96 and Rs. 28.20 respectively. The current market cap of the company is Rs. 805.96 crore.
The promoters holding in the company stood at 52.82%, while Non-Institutions held 47.18% stake in the company.
Wardwizard Foods and Beverages has signed Memorandum of Understanding (MoU) with the Government of Gujarat, marking a pivotal moment in the expansion of food manufacturing capabilities in the state. Under this agreement, the company plans to further expand operations across Gujarat, aiming to broaden their production of Ready-to-Eat foods, Mayonnaise sauce, Frozen Foods, and more. This visionary project is poised to catalyze an investment of Rs 500 crore, fostering substantial growth opportunities in the area.
The MoU underscores the commitment of both entities to promoting industrial development and employment generation. The Government of Gujarat has pledged unwavering support in facilitating all necessary permissions, registrations, approvals, and clearances required for this venture in accordance with the state's policies and regulations. This strategic alliance epitomizes the company’s unwavering commitment to innovation, excellence, and community development.
Wardwizard Foods & Beverages (formerly known as Vegetable Products) is engaged in manufacturing of vegetable edible oil products under the 'PRATAP VANASPATI' brand name.
