Spectrum Foods is currently trading at its upper limit of Rs. 33.00, up by 5.50 points or 20.00% from its previous closing of Rs. 27.50 on the BSE.
The scrip opened at Rs. 27.05 and has touched a high and low of Rs. 33.00 and Rs. 27.05 respectively. So far 1525575 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 42.45 on 08-Apr-2024 and a 52 week low of Rs. 19.31 on 19-Aug-2024.
Last one week high and low of the scrip stood at Rs. 33.00 and Rs. 26.05 respectively. The current market cap of the company is Rs. 80.00 crore.
The promoters holding in the company stood at 46.96%, while Non-Institutions held 53.04% stake in the company.
Spectrum Foods has signed two significant Memorandums of Understanding (MoUs) with the Government of Rajasthan to establish new hospitality projects under 'Rising Rajasthan 2024, Jaipur'. These landmark projects are Five-Star Resort in Ajmer (Pushkar), Rajasthan and Five-Star Resort in Pali (Jawai), Rajasthan.
The Pushkar project is in advanced construction stage and is expected to be inaugurated in the coming 6 months. Further, the state government has outlined various subsidies to support fresh hospitality projects. The expected benefits for Spectrum Foods include investment subsidy, exemptions and interest subsidy.
Spectrum Foods provides import and export services. The company was formerly known as Spectrum Leasing and Finance and is based in Jaipur, India.