LT Foods rises 7% as co to make investment in its subsidiary

LT Foods Shares

Share price of LT Foods rose 7 percent intraday Thursday after company has decided to make an investment in its subsidiary company.

The company in its board meeting has decided to make an investment of Rs 20,00,00,000 in the form of preference shares in its majority owned subsidiary company Daawat Foods (DFL) to strengthen the balance sheet of DFL and improve its current ratio.

Daawat Foods serves as manufacturing arm of LT Foods. In FY 2018, Daawat Foods reported a revenue of Rs 912 crore (5 year CAGR of more than 15%), EBITDA of Rs 105 crore and PAT of Rs 33 crore, company said in release.

At 12:18 hrs LT Foods was quoting at Rs 38.05, up Rs 1.15, or 3.12 percent on the BSE.

The share touched its 52-week high Rs 99.75 and 52-week low Rs 31.50 on 10 April, 2018 and 26 February, 2019, respectively.

Currently, it is trading 62.01 percent below its 52-week high and 20.32 percent above its 52-week low.

CapitalHeight provide positional nifty future trading tips, nifty tips, future and option tips, nifty options tips , nifty support & resistance, bank nifty technical analysis and nifty charts.

International Market Update by Money CapitalHeight

INTERNATIONAL MARKET UPDATE

CH: INTERNATIONAL MARKET UPDATE

GOLD $ 1287.45

SILVER $ 15.10

COPPER $ 2.92

CRUDE $ 56.09

INR 70.63

Live Stock Market Tips

Give Missed Call at +91 830-630-830-8

For More Live Updates Click Here: CapitalHeight

Bank Nifty Market Trend for 6-March-2019:

Bank Nifty Market Trend

CH: OUTLOOK

BANK NIFTY- CONS.(27150-27960)

NIFTY-CONS.(10885-11085)STRATEGY BUY

SGX NIFTY 24DOW -13.02

GX NIFTY 24DOW -13.02

ASAIN MKT MIX

Live Stock Market Tips

Give Missed Call at +91 830-630-830-8

For More Live Updates Click Here: CapitalHeight

Ashoka Buildcon rallies 4% after JV emerges as lowest bidder for railway project

Ashoka Buildcon shares gained 4 percent in morning on Tuesday after the joint venture company emerged as lowest bidder for railway project by Rail Vikas Nigam.

The company has submitted bid to Rail Vikas Nigam Limited in Joint Venture with Stroytech Services LLC, wherein the company is a lead member, for the project.

The project includes construction of roadbed, minor bridges, supply of ballast, installation of track (excluding supply of rails & PSC sleepers & thick web switches), electrical (railway electrification and general electrification), signalling and telecommunication works for doubling of track between Kakrala halt (excluding) and Hadiaya (including) in Ambala Division of Northern Railway, Punjab.

“The company has emerged as the lowest bidder (L-1) for Package 2, the quoted value of which is Rs 443.23 crore, with a completion period of 36 months for package,” Ashoka Buildcon said.

At 09:40 hours IST, the stock was quoting at Rs 125.65, up Rs 4.50, or 3.71 percent on the BSE.

Nifty Option Tips, CapitalHeight provides nifty option tips, stock option tip free trial, option trading strategies, call put option tips on mobile.

Bank Nifty Market Trend for 5-March-2019:

Bank Nifty

CH: OUTLOOK

BANK NIFTY- CONS.(26875-27560)

NIFTY-CONS.(10765-10935)

STRATEGY SELL

SGX NIFTY -6 DOW -206.67

ASAIN MKT DOWN

Live Stock Market Tips

Give Missed Call at +91 830-630-830-8

For More Live Updates Click Here: CapitalHeight

1 2 3 55