Promoters Hold 65.71 Per Cent Stake: SME Stock From FMCG Sector Hit Upper Circuit On January 22
The stock’s 52-week high is Rs 70.15 per share and its 52-week low is Rs 17.95 per share.
On Wednesday, shares of Continental Seeds & Chemicals Ltd hit a 5 per cent upper circuit to Rs 31.80 per share from its previous closing of Rs 30.30 per share. 2 lots of 3,333 shares each were traded on the National Stock Exchange (NSE), resulting in a total of 6,666 shares traded. The stock’s 52-week high is Rs 70.15 per share and its 52-week low is Rs 17.95 per share.
Incorporated in 1983, Continental Seeds & Chemicals Ltd. engages in the sale, purchase, and cultivation of a diverse range of agricultural products. This includes wheat, paddy, cereals, mentha oil, and seeds of various kinds.
Business Overview: The company focuses on developing, processing, grading, and supplying agricultural foundations and certified seeds. They are also involved in the trading of Mentha Oil. Continental Seeds & Chemicals Ltd. is registered with the Uttarakhand Seeds certification agency.
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Manufacturing Capacity: The company operates a production unit in Uttarakhand, specializing in the manufacturing of Menthol, Menthol Crystals, Peppermint Oils, Essential Oils and their Isolates, Mint and allied products, APIs, Intermediates, Iso Amyl Alcohols and Its Esters, with a production capacity of approximately 7080 MTPA (Metric Tons Per Annum).
Results: In its half-yearly results (H1FY25), the company reported net sales of Rs 44 crore and a net profit of Rs 1 crore while in its annual results (FY24), the company reported net sales of Rs 98 crore and a net profit of Rs 1 crore.
The company has a market cap of Rs 35 crore with a current debt of 1.34 crore. The promoters of the company own a 65.71 per cent stake and the public owns a 34.29 per cent stake in the company as of December 2024. The stock is up by 77 per cent from its 52-week low of Rs 17.95 per share. Investors should keep an eye on this SME stock from the FMCG sector.
Disclaimer: The article is for informational purposes only and not investment advice.