Profit for Heritage Foods in the 3rd quarter reaches Rs 11.4 crore

The third financial quarter for companies ended on 31st December 2015 and Heritage Foods Ltd has released the financial statistics. The company has posted net profits for this quarter to be Rs 11.4 crore. The total revenue generated by the company in the third quarter stands at Rs 582.6 crore. This Heritage Food news made the stock touch a new high of Rs 510.5 with the scrip opening at Rs.499.5. Although at present it is trading at Rs 486.5.

Heritage foods

A total of 97819(NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs. 1143.76 crore.

The stock of Heritage Foods Ltd which fell in the BSE group ‘B’ and had face value of Rs 10 touched a 52 week high of Rs. 594 on 12-Jan-2016 and a 52 week low of Rs. 280 on 08-May-2015. During the last one week, the highest value touched by stock has been Rs 550.25 and lowest has been Rs 480. 40.03% of the shares are owned by the promoters, 8029% by Institutions and 51.68% by Non-Institutions. The stock is currently trading above its 50 DMA.   The Heritage Group was founded in the year 1992 by Mr. Nara Chandrababu Naidu, is one of the fastest growing Public Listed Companies in India, with five-business divisions-Dairy, Retail, Agri, Bakery and Renewable Energy under its flagship Company Heritage Foods Limited .  

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