Shares of FMCG Company, HMA Agro Rally 5% After Stock Split; Here’s Why

Shares of FMCG company HMA Agro surged around 5 per cent to touch the level of Rs 77.40. The 52-week-high level of HMA Agro shares is Rs 84.05 while the 52-week low is Rs 56.50.

In the last 5 days, the shares of HAM Agro have given a return of around 8% per cent and since its listing, it has given a return of 30% per cent.

HMA Agro raised Rs 480 crore from its IPO in June last year. The company offered its shares for Rs 585 apiece and was listed on July 4, 2023.

Recently, HMA Agro Industries Ltd. partnered with Maharashtra Food Processing & Cold Storage to expand its processing and packing abilities for frozen halal boneless meat.

In December, The Company sub-divided each equity share having a face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into Ten (10) equity shares having a face value of Rs. 1/- (Rupees One only) each fully paid-up.

Agra-based HMA Agro Industries is a food trade organisation for handled food and agro products including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals in India. Incorporated in 2008, HMA Agro is among the largest exporters of frozen buffalo meat products from India, which exports to more than 40 countries across the globe.