320.7
81,633.02
0.39%
Market Closed
1,417.4
0.44%
1,928.9
0.27%
-0.95
3,497.2
-0.03%
1,863.8
0.42%
1,456.65
0.2%
0.85
797.3
0.11%
13.35
1,585.4
0.85%
944.4
0.2%
9,203.9
-0.72%
2,367.7
0.14%
-1.35
418.75
-0.32%
3,655.1
0.34%
1,664.9
0.34%
2,084.3
0.5%
1,699.85
2.04%
12,385.9
0.69%
3,005.4
0.28%
1,201.9
0.64%
5,001.35
-0.3%
11,266.45
0.33%
-0.7
339.3
-0.06%
2,010.8
-0.51%
3,588.6
0.4%
0.65
243.35
0.27%
1,437.95
1.92%
2,540.25
1.1%
386.8
-0.93%
293.2
0.69%
724.45
0.91%
4,044
0.05%
2.75
250.2
1.11%
8,873.3
0.47%
398.3
0.03%
1,006.05
0.86%
15.35
2,433.8
0.49%
2,297.25
-0.24%
228.3
1.85%
551.95
0.19%
5,321.95
-0.26%
143.7
-0.38%
163.1
1.27%
100.55
5,658.85
1.81%
464.7
2.71%
22.6
793.85
2.93%
287.9
-0.78%
139.85
-0.29%
1,825.65
1%
6,633.5
-0.3%
2,572.5
0.09%
451.8
1.15%
320.70
81633.02
0.39%
Market Closed

Penny Stock Below Rs 20 Signs MoU with Food Processors Cooperative USA

DSIJ Intelligence-1
/ Categories: Trending, Penny Stocks
Penny Stock Below Rs 20 Signs MoU with Food Processors Cooperative USA

The stock is up by 53 per cent from its 52-week low of Rs 10.11 per share.

Himalaya Food International Ltd. has announced a significant step towards reviving its U.S. business, which was impacted by a fire in May 2022, by entering into a five-year Memorandum of Understanding with the Food Processor Cooperative of the United States. This strategic partnership will see Himalaya Food undertake the production of a breakfast range of frozen food products specifically designed for the U.S. food service segment, reinforcing the company's commitment to re-establish and grow its presence in the American market.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.

Himalaya Food International Ltd, founded in 1992 and operating from two ISO 22000-certified facilities in India, is a frozen and canned food processor specialising in mushrooms and IQF ready-to-eat products. Under the "Himalaya Fresh" brand, they cultivate mushrooms and manufacture a variety of natural, vegetarian items, including cheese, sweets, and appetisers, which are exported to the USA and sold domestically, utilising quick chilling and freezing to preserve quality.

The company has a market cap of Rs 86 crore with a low PE of 18x whereas the industry PE is 34x. The stock is up by 53 per cent from its 52-week low of Rs 10.11 per share. Investors should keep an eye on this penny stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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