Curated By: Business Desk
Last Updated: October 05, 2023, 12:10 IST
In 2023 so far, this stock has given 41.40% returns.
On September 20, 2013, the share rate of LT Foods was Rs 6.79 apiece which is Rs 172.20 on October 5, 2023.
Investors have received spectacular profits from shares of the rice milling company, LT Foods over the past ten years, with almost 2,000 per cent returns. The stock has increased by 495 per cent during the last three years.
As a result, according to an analysis by ETMarkets, if an investor had made a Rs 10,000 investment in the stock 10 years back and kept it, the investment would have increased to Rs 2 lakh. On September 20, 2013, the share rate of LT Foods was Rs 6.79 apiece which is Rs 172.20 on October 5, 2023.
This stock price has risen by about 51 per cent in the last year. In 2023 so far, this stock has given 41.40 per cent returns to investors. This stock has risen 76.86 per cent in the last six months.
This stock’s 52-week high is Rs 194.10 and its 52-week low is Rs 90. According to the most recent shareholding data available with the stock exchanges, the promoters own 51 per cent of the business. Public stockholders own 49 per cent of the company. Mutual funds hold 2.84 per cent of the public stock and overseas investors own 5.93 per cent. A significant 16.13 per cent of the corporation is owned by retail investors.
According to a Moneycontrol article, LT Foods Limited (LT Foods) expressed optimism that the convenience & health food product area will support the company’s expansion. In the next five years, according to the company’s MD and CEO Ashwini Kumar Arora, they hope to generate 8 to 10 per cent of the company’s sales from this market. The market share of the corporation in India rose to 29.8 per cent in the first quarter of the current fiscal year. Revenue at LT Foods climbed by 10 per cent in the first quarter over the same period last year, reaching Rs 1,789 crore. PAT jumped by 44 per cent to Rs 137 crore over the previous year.
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