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KRBL rises on launching Rice Bran Oil, Amaranth

  • bitnet infotech
  • August 18, 2020
  • 5:38 am

KRBL is currently trading at Rs. 294.45, up by 2.95 points or 1.01% from its previous closing of Rs. 291.50 on the BSE.

The scrip opened at Rs. 291.75 and has touched a high and low of Rs. 295.40 and Rs. 291.75 respectively. So far 2557 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 339.60 on 11-Aug-2020 and a 52 week low of Rs. 91.25 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 305.00 and Rs. 285.20 respectively. The current market cap of the company is Rs. 6878.09 crore.

The promoters holding in the company stood at 59.46%, while Institutions and Non-Institutions held 12.82% and 27.73% respectively.

KRBL has launched two new additions to its healthy foods, branded portfolio namely, Rice Bran Oil and Amaranth. Rice Bran Oil is widely known as one of the most nutritious edible oils available due to its balanced fatty acid profile, abundance of heart healthy Oryzanol and presence of some special micro-nutrients, known to maintain healthy cholesterol levels besides promoting overall health and well-being.

Amaranth is a pseudo-cereal and is a dietary staple in certain parts of the world. It is a naturally Gluten Free food containing fiber, minerals such Magnesium and Zinc and also trace elements like Manganese and Copper that help in metabolization of protein and other macronutrients. Both products will be available for sale to international markets with effect from August 25, 2020 and augment the company’s branded portfolio of healthy foods.

KRBL is a century old company and owners of India’s top rice brand India Gate Basmati Rice.

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