White Organic Agro is locked at upper circuit limit at Rs. 47.55, up by 2.25 points or 4.97% from its previous closing of Rs. 45.30 on the BSE.
The scrip opened at Rs. 44.60 and has touched a high and low of Rs. 47.55 and Rs. 44.60 respectively. So far 33,000 shares were traded on the counter.
The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 48.20 on 10-Mar-2017 and a 52 week low of Rs. 11.81 on 07-Jul-2016.
Last one week high and low of the scrip stood at Rs. 48.20 and Rs. 42.10 respectively. The current market cap of the company is Rs. 59.44 crore.
The promoters holding in the company stood at 27.56%, while Non-Institutions held 72.44% respectively.
White Organic Agro has launched their first ever five new stores under the franchise model in Gujarat under the brand name ‘White Organics’. The total number of stores now stands at six including one owned store located in a popular suburb in Mumbai and other five stores in Gujarat under franchise model. The new stores are located in the high demand markets of Gujarat, where the concept and popularity of organic products is gaining fast. Through these new stores, the company plans to capture this opportunity and enter further in these markets.
The five new stores are currently operational in the cities of Surat, Baroda, Morbi and Anand. These stores offer more than 300 pure organic food and other products like different types of cereals, pulses, grains, snacks, mouth fresheners, Indian sweets, dry fruits, sherbets, condiments & spices, health supplements, home fragrances, oil and ghee. Over the next 1-2 months, the stores will also offer various kinds of fruits, vegetables, juices, flours and washing agents.
White Organic Agro (formerly White Diamond Industries) along with its subsidiary is engaged in business of trading in cut and polished diamonds, and real estate and infrastructure. It has announced changes in objects of the company from Diamond Industry to Organic Agricutural activities, change in objects and name of subsidiary to White Organic Retail.