Mishtann Foods Share Price:
Shares of Mishtan Foods Company have earned its investors amazing profits. Shares of this company were trading at Rs 12.71 last week on Friday. In the last 6 months, the share of Mishtan Foods Company has given 56 percent profit to its shareholders. Shares of Mishtan Foods Company are trading at Rs 12.98 with an increase of 5.19% today on Wednesday September 06, 2023.
Impressive Growth:
In the last 5 years, the shares of Mishtan Foods Company had increased from Rs 3 to Rs 13. The total market capitalization of this company is Rs 1027 crore. The 52-week high price of Mishtan Foods Limited Company was Rs.14.72. While the lowest level price was Rs.7.09. On May 28, 2021, shares of Mishtan Foods Company were trading at Rs.2. From this price level till now the shares of Mishtan Foods Company have increased by almost 700 percent.
Rights Issue:
Currently, there is a big update about Mishtan Foods Company from the stock market. The Board of Directors of Mishtan Foods Company has approved rights issue to the share holders of Mishtan Foods Company. Mishtan Foods Company is going to issue rights issue worth Rs 50 crore to its share holders. At present the company has not informed SEBI about the rights issue, but soon the company will submit the information to SEBI and it will give all the details of rights issue price, record date, issue opening date, closing date, ratio.
Expansion Plans:
Mishtan Foods Company is preparing to launch Crystal Salt and Rock Salt in the market in the near future. Along with this the company is also planning to launch its FMCG products in North Eastern states of India. This will surely increase the profit of the company. Mishtan Foods Limited Company is considered as India’s leading FMCG company in buying and selling various varieties of Basmati Rice.
Impressive Financial Performance:
Mishtan Foods Limited has collected revenue of Rs 294 crore in the June quarter of the current financial year with a growth of 85 percent over the previous year. Similarly, Mishtan Foods has posted a net profit of Rs 69 crore in the June quarter with a growth of 525 percent.
Important Note:
Investing in mutual funds and stock market is based on risks. Be sure to consult your financial advisor before investing in the stock market. AkhandIndia.com shall not be liable for any financial loss.
