This Food Processing Company Gained A Whopping 200% In 1-month

Shares of Kohinoor Food in a month's time has gained a whopping over 200%. This is in particular after the stock has been hitting upper circuit for lot many session after the bourses revoked suspension of trading of the security. "The suspension in trading of equity shares of Kohinoor Foods will be revoked w.e.f. April 06, 2022. The trading in the securities of the company will be resumed in "T" group," BSE said.

Stock last traded history and its categorisation on the exchangess

The stock last traded on May 3, 2021 and settled at a price of Rs.7.55 per share on the BSE.

The stock listed on both the exchanges is trading under the T group on the BSE and under BE category on the NSE. In the BE segment, no intra-day trades are allowed.

About the company

Kohinoor Foods Ltd. embarked upon its journey in 1989. The company's product line includes basmati rice but also a wide assortment of food products that includes Basmati Rice, Wheat Flour, Ready to Eat Curries & Meals, Simmer Sauces, Cooking Pastes to Spices, Seasonings and Frozen Food. The product basket also includes Pure Ghee, Paneer (Indian Cottage Cheese), Ready Mixes, Namkeens & Sweets. It's a feat that Kohinoor Foods Ltd. pulled off by spreading the authentic India flavour across the globe. Thereby becoming a well-known food giant with one of the most powerful brand in its stable - "Kohinoor".

At present, the company's offerings are preferred by connoisseurs across the globe - from the USA, Canada, Australia, New Zealand and the UK to the Middle East and South East Asian countries. And they adorn the shelves of reputed retail chains like Booker Cash n Carry, TESCO, Sainsbury's, ASDA, Morrisons in UK etc.

Fundamentals and financials

The company's financials are currently under pressure with net loss at Rs. 6.32 crore. Also, the company's revenue from operations have come down from Fy to Fy and has been at Rs. 103.49 crore. Talking about its fundamentals, its stock prices justifies its intrinsic value. The negative sign though is the debt to equity being in the negative implying that the firm has more liabilities than assets and is indeed considered as risky.

Disclaimer

We have just collated on what reason has propelled the company's stock price to move higher and is not a recommendation to buy in it.