Penny Stock Under Re 1: THIS Agri Products Exporter Stock Jumps 11% On Acquisition Update | Do You Own?

Penny Stock Under Re 1: Shares of NHC Foods rallied nearly 11% on Tuesday after the company reported a foreign acquisition. The penny stock under Re 1 saw heightened interest among investors as it maintained its rally for the fourth consecutive trading session.

NHC Foods share price ended 10.6% higher at Rs 1.04 per share on BSE with a market capitalisation of Rs 68.41 crore on Tuesday. The stock touched an intraday high of Rs 1.05 per share and a low of Rs 0.91 per share.

NHC Foods Update On Acquisition

NHC Foods' international subsidiary, NHC International LL C-FZ, has invested and acquired 100% of the paid-up share capital of Conquer Enterprises Limited.

"We would like to inform you that NHC INTERNATIONAL L.L.C-FZ, (Dubai, U.A.E.) a foreign subsidiary company of NHC Foods Limited has invested and acquired 100% of the paid-up share capital of Conquer Enterprises Limited, a company incorporated and registered in Hong Kong w.e.f. March 11, 2026," read a BSE filing shared by NHC Foods on Monday, April 20.

The strategic investment would enable the company to venture into new avenues and accelerate existing business growth.

"NHC INTERNATIONAL L.L.C-FZ, has Acquired 1 Ordinary share from the existing shareholder at 1 HK$ and invested in 999,999 Ordinary Share at 1 HK$ each as fresh allotment," as per the BSE filing.

This fresh allotment gave the subsidiary full ownership of Conquer Enterprises Limited. NHC Foods said the acquisition is aimed at improving its global trading capabilities, broadening its product range, and deepening its presence in important international markets across metals, steel, and agro commodities.

Conquer Enterprises Limited was incorporated on June 30, 2022, in Hong Kong. The company trades a varied basket of products, including metals, steel, and agro commodities. Conquer Enterprises has reported strong growth in turnover over three consecutive financial years, highlighting its rising activity in the global commodities trade.

NHC Foods expects the Hong Kong entity's growth to support its wider ambitions in commodities. Higher volumes from metals, steel, and agro products are expected to aid NHC Foods' diversification efforts. The company underlined that the deal aligns with its focus on leveraging overseas platforms to reach more markets and customers.

NHC Foods Share Price Trend

NHC Foods share price ended in green on Tuesday. The stock had touched its 52-week high mark of Rs 1.33 per share on August 19, 2025. The stock has a return on equity (ROE) of 18.4%. The stock value has jumped 44.4% in three months.