Small Cap FMCG Stock Zooms 36.63% In 2-Weeks, CRISIL Reaffirms Credit Ratings

Small cap company from the FMCG sector, HMA Agro Industries Ltd shares zoomed 2.54% in trade today after credit rating agency CRISIL Rating on April 10, 2024 reaffirmed A-/Stable ratings on the enhanced long-term bank facilities. Last trading price of HMA Agro Industries share on BSE is Rs 69.82 per share. The company has a market capitalisation of Rs 3,496.37 crore. The PE of HMA Agro Industries is 2.72.

CRISIL Reaffirms Credit Ratings: As per the regulatory filing of the company issued on April 10, "we wish to inform you that CRISIL Ratings Limited (CRISIL) has reaffirmed the credit ratings assigned to the Bank facilities of the Company on account of enhancement in the amount of Bank Facilities."

HMA Agro Technical: Score is 42.24 indicating stock is technically neutral. Stocks with score above 70 are considered as technically strong and below 35 are considered weak. RSI is 64.2, RSI below 30 is considered oversold and above 70 overbought. Number of FII/FPI investors increased from 14 to 18 in Mar 2024 quarter. Coeus Global Opportunities Fund has 1.86% stake and Tano Investment Opportunities Fund has 1.08% stake in the company.

HMA Agro Stock Split, Bonus, Dividend History: HMA Agro Industries Ltd split face value of its shares once since Decemeber 29, 2023. HMA Agro Industries last split the face value of its shares from Rs 10 to Re 1 in 2023.The ex-split date was December 29, 2023. HMA Agro Industries announced 1 dividend since September 15, 2023. In last 12 months, HMA Agro announced an equity dividend amounting to Rs 3.00 per share. At the current share price of Rs 69.82, HMA Agro offers a dividend yield of 4.30%. Adjusting for Bonus/Splits the dividend yield is 0.43%. It has not yet announced any bonus share till date.

HMA Agro Industries Stock Outlook & Return: The 52-week high price of HMA Agro Industries share on BSE is Rs 84.00 per share and 52-week low price is Rs 48.51 per share, respectively. Its market capitalisation is Rs 3485.36 crore. HMA Agro Industries shares zoomed 16% in last 1-week, gained 30% in last 1-month, and declined 3% in last 6-months.

About: It came into existence in 2008. The company operates in food trade organization for handled food and agro products that may include frozen fresh buffalo meat, prepared/frozen natural products, vegetables, and cereals in India, among others. The company is among the largest exporters of frozen buffalo meat products from India and exports to more than 40 countries across the globe, according to its website.