Heritage Foods hits 30-month low; stock down 5%

In the past seven trading days, the stock has tanked 19 per cent, as compared to a 3 per cent rise in Sensex

Shares of Heritage Foods hit a 30-month low of Rs 390, down 5 per cent in intra-day trade on the BSE on Monday, in an otherwise firm market. The stock was trading at its lowest level since November 11, 2016. In comparison, the S&P BSE Sensex was up 0.70 per cent at 39,991 points at 11:28 am.

In the past seven trading days, the stock has tanked 19 per cent, as compared to a 3 per cent rise in the benchmark index. The market price of the packaged foods company nearly halved from its 52-week high level of Rs