Anik Industries is currently trading at Rs. 27.55, up by 0.60 points or 2.23% from its previous closing of Rs. 26.95 on the BSE.
The scrip opened at Rs. 28.25 and has touched a high and low of Rs. 28.25 and Rs. 25.75 respectively. So far 1050 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 37.70 on 17-Mar-2016 and a 52 week low of Rs. 18.95 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 28.25 and Rs. 25.40 respectively. The current market cap of the company is Rs. 71.47 crore.
The promoters holding in the company stood at 50.66%, while institutions and non-institutions held 0.13% and 49.21% respectively.
Anik Industries has converted the Optionally Convertible Debentures (OCD) of ‘Revera Milk and Foods’ held by it into equity shares pursuant to which the company is now holding 93.33% of shareholding of Revera Milk and Foods. Consequently, Revera Milk and Foods has become a subsidiary of the company.
Last year in October, the company had invested Rs 140.00 crore in the mode of OCD in the proposed Hospitality cum Mixed Use Project of Revera Milk and Foods, a company registered under the Indian Companies Act.
Anik Industries is a part of the Indore based Ruchi group and is engaged in the processing of milk and milk products (78% of its total operating income in FY15) and commodity trading (22%).