HDFC Bank bought 3,00,000 shares: 12 days ago listed company receives new orders worth Rs 30,00,00,000 from International Customer (Russian Importer)
For H1FY25, the Company reported a total Income of Rs 10,746.11 lakh, EBITDA of Rs 1,866.09 lakh and net profit of Rs 1,137.81 lakh.
On Monday, shares of Freshara Agro Exports Ltd hit a 5 per cent upper circuit to Rs 138.25 per share from its previous closing of Rs 131.70 per share. The stock’s 52-week high is Rs 141 and its 52-week low is Rs 115.55. On October 24, 2024, HDFC Bank Ltd bought 3,00,000 shares of this FMCG company at Rs 135 per share.
Freshara Agro Exports Limited has secured a significant order worth Rs 30 crore from an international customer, a Russian importer. This order underscores the company's strong position in the international market and the trust placed in its sourcing and execution capabilities. The order involves the manufacture and supply of Gherkins in jars and drums, which are destined for the international market. The company is expected to execute this order within the next six months.
About the Company
Freshara Agro Exports Limited (Freshara, The Company) is a leading exporter of preserved gherkins and pickled vegetables. Operating from a state-of-the-art facility in Tirupattur, Tamil Nadu, India, Freshara adheres to stringent quality standards and serves a global clientele across 33 countries, including major markets like Europe, the USA, and Australia. Committed to sustainable agriculture, Freshara empowers over 4,000 farmers by promoting eco-friendly practices, offering technical support, and ensuring fair remuneration. The company's products are certified by renowned organizations such as FSSAI, FDA, Star-K Kosher, APEDA, IFS, and BRCGS, guaranteeing international quality benchmarks. Recognized as a 100% Export Oriented Unit and registered with the Madras Exports Processing Zone (MEPZ), Freshara's excellence has been acknowledged with prestigious awards like the MSME of the Year (2023, 2024) and the ASSOCHAM award (2022).
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The company has a market cap of Rs 324 crore. On October 24, 2024, the company marked a significant milestone by successfully listing on the NSE Emerge platform. For H1FY25, the Company reported a total Income of Rs 10,746.11 lakh, EBITDA of Rs 1,866.09 lakh and net profit of Rs 1,137.81 lakh. Additionally, in H1FY25, Freshara Agro Exports Limited achieved an impressive 38.81 per cent YoY growth compared to Hl FY24, producing 12,525 metric tons and exporting 10,000 metric tons of high-quality pickled vegetables. As part of its commitment to sustainability, the company has proposed to install a 97KW solar power system at its Unit-II in Tirupattur District, Tamil Nadu, India marking a significant step toward reducing greenhouse gas emissions and combating climate change.
Disclaimer: The article is for informational purposes only and not investment advice.