70 Times Spurt in Volume: Heavy Buying Alert In This High ROE & High ROCE Penny Stock Under Rs 50; Hit 10 Per Cent Upper Circuit
The shares of the company have an ROE of 32 per cent and an ROCE of 28 per cent.
On Monday, one of the Top Gainers on NSE, the shares of HMA Agro Industries Ltd hit a 10 per cent upper circuit to Rs 49.09 per share from its previous closing of Rs 44.63 per share. The stock’s 52-week high is Rs 84 and its 52-week low of Rs 44.71. The shares of the company saw a spurt in volume by more than 70 times.
Recently, HMA Agro Industries Ltd has entered into a Memorandum of Understanding (MOU) with Perbadanan Kemajuan Pertanian Selangor (PKPS), also known as the Selangor Agricultural Development Corporation, a government entity in the state of Selangor, Malaysia. The MOU, signed in the presence of the Hon’ble Chief Minister of Selangor, signifies a strategic partnership for the supply of frozen boneless buffalo meat and the exploration of joint research initiatives to tackle industry challenges. By combining their expertise, HMA and PKPS aim to enhance the quality and efficiency of meat processing and supply chains, benefiting both parties and furthering agricultural trade between India and Malaysia.
This collaboration strengthens HMA Agro's presence in the international market, particularly in the ASEAN region. Malaysia is a key market within this region, and the partnership with PKPS will enable HMA to increase its distribution reach, ensuring a consistent supply of quality meat products to meet rising demand. Additionally, the MOU supports broader trade objectives between the two countries, fostering economic ties and growth in the agricultural and food processing sectors. For Malaysia, the collaboration with HMA brings the benefit of increased access to essential food products, while for HMA, it represents an opportunity to solidify its global market access and boost revenues. The agreement is valid for one year, with either party able to terminate it by giving one month's written notice. This flexible framework provides room for further expansion of the partnership if the collaboration proves mutually beneficial, ensuring both HMA and PKPS remain agile in pursuing new opportunities within the meat processing and agricultural sectors.
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About the Company
HMA Agro Industries Ltd, founded in 2008, is a leading Indian food trade company specializing in handling and exporting a variety of food and agricultural products. They are one of the biggest exporters of frozen buffalo meat in India, accounting for over 10 per cent of the nation's total exports in this category. Their offerings include frozen fresh buffalo meat, prepared and frozen natural products, vegetables, and cereals. The company's brands "Black Gold", "Kamil", and "HMA" are shipped to over 40 countries around the world. HMA Agro Industries has a strong focus on meat processing, operating four integrated plants in Aligarh, Mohali, Agra, and Parbhani, with plans to expand by setting up a fifth facility in Haryana.
The company has a market cap of over Rs 2,450 crore. The shares of the company have an ROE of 32 per cent and an ROCE of 28 per cent. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.