Himalya International heads north on plans to open franchisee store

Himalya International gained 4.9% to Rs 38.50 at 12:25 IST on BSE after the company said that will open its first franchisee store 'Himalaya Food Company' on 14 January 2018 at D-448 G.F Ramphal Chowk, Sector-7 Dwarka, New Delhi.

The announcement was made during market hours today, 12 January 2018.

Meanwhile, the S&P BSE Sensex was up 32.09 points or 0.09% at 34,535.58. The S&P BSE Small-Cap index was up 62.60 points or 0.31% at 20,046.53, outperforming the Sensex.

On the BSE, 62,188 shares were traded on the counter so far as against the average daily volumes of 1.67 lakh shares in the past one quarter. The stock had hit a high of Rs 38.50 and a low of Rs 36.10 so far during the day. The stock had hit a 52-week high of Rs 45.30 on 29 December 2017. The stock had hit a 52-week low of Rs 19.10 on 11 January 2017.

The stock has dropped 12.51% in seven sessions, to settle at Rs 36.70 yesterday, 11 January 2018, from a close of Rs 41.95 on 2 January 2018.

The stock had outperformed the market over the past one month till 11 January 2018, gaining 14.87% compared with the Sensex's 3.13% rise. The stock had also outperformed the market over the past one quarter, gaining 25.26% as against the Sensex's 8.39% rise. The scrip had also outperformed the market over the past one year, jumping 80.79% as against the Sensex's 27.13% rise.

The small-cap company has equity capital of Rs 57.87 crore. Face value per share is Rs 10.

The store will sell 'All Natural-No Preservatives', healthier range of Himalaya products and also serve select appetizers, burgers, french fries and specially innovated healthier drinks developed under the brand 'BURGERS'N'FRIES - ITS NOT JUNK FOOD'.

Himalya International reported net loss of Rs 4.64 crore in Q2 September 2017 compared to net profit of Rs 0.75 in Q2 September 2016. Net sales fell 39.1% to Rs 20.48 crore in Q2 September 2017 over Q2 September 2016.

Himalaya is the largest frozen & canned food processing company of India and the first Indian food company to offer an extensive range of products to the US market.

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