Heritage Foods hits record high on recent rally

Heritage Foods rose 1.2% to Rs 1,538 at 14:51 IST on BSE, with the stock extending recent strong gains.

Meanwhile, the S&P BSE Sensex was up 17.98 points, or 0.06% at 31,664.44. The S&P BSE Mid-Cap index was up 7.73 points, or 0.05% at 15,513.57.

On the BSE, 4,565 shares were traded on the counter so far as against the average daily volumes of 2,992 shares in the past one quarter. The stock had hit a high of Rs 1,566.35 so far during the day, which is also its record high. The stock hit a low of Rs 1,508.80 so far during the day. The stock had hit a 52-week low of Rs 730.40 on 9 November 2016.

The stock had outperformed the market over the past one month till 30 August 2017, advancing 23.64% compared with the Sensex's 2.05% fall. The scrip had also outperformed the market over the past one quarter gaining 39.85% as against the Sensex's 1.56% rise. The scrip had also outperformed the market over the past one year advancing 100.24% as against the Sensex's 11.66% rise.

The mid-cap company has equity capital of Rs 23.20 crore. Face value per share is Rs 10.

Shares of Heritage Foods rose 19.18% in seven trading sessions to its current market price of Rs 1,538, from a close of Rs 1,290.45 on 21 August 2017.

Heritage Foods' consolidated net profit fell 39.4% to Rs 10.37 crore on 32% increase in net sales to Rs 616.44 crore in Q1 June 2017 over Q1 June 2016.

Heritage Foods operates in dairy, retail, agri, bakery and renewable energy segments.

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