HERITAGE FOOD Surges by 10%; BSE 500 Index Up 0.8%
October 29, 2018 11:37 AM

HERITAGE FOOD share price has zoomed 10% and is presently trading at Rs 488.

Meanwhile, the BSE 500 Index is at 13,468 (up 0.8%).

Among the top Gainers in the BSE 500 Index today are HERITAGE FOOD (up 10.5%) and DIVIS LABORATORIES (up 14.0%).

GUJARAT FLUORO and LAKSHMI MACHINE are among the top losers today.

Over the last one year, HERITAGE FOOD has moved down from Rs 768 to Rs 488, registering a loss of Rs 281 (down 36.8%).

On the other hand, the BSE 500 has moved down from 14,416 to 13,468, loss of 948 points (down 6.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 227.0%), GRAPHITE INDIA (up 117.5%) and L&T INFOTECH LTD (up 103.4%).

What About the Benchmark Indices?

The BSE Sensex is at 33,584 (up 0.6%).

The top gainers among the BSE Sensex stocks today are ICICI BANK (up 8.6%), AXIS BANK (up 5.9%) and SBI (up 4.3%). Other gainers include SUN PHARMA (up 3.2%) and L&T (up 3.1%). The most traded stocks in the BSE Sensex are AXIS BANK and ICICI BANK.

In the meantime, NSE Nifty is at 10,102 (up 0.5%). ICICI BANK (up 8.4%) and AXIS BANK (up 5.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,147 to 33,584, registering a gain of 437 points (up 1.2%).

HERITAGE FOOD Financial Update...

HERITAGE FOOD net profit stood at Rs 215 million for the quarter ended June 2018, compared to a profit of Rs 167 million a year ago. Net Sales rose 15.2% to Rs 6.7 billion during the period as against Rs 5.8 billion in April-June 2017.

For the year ended March 2018, HERITAGE FOOD reported 78.5% decrease in net profit to Rs 627.0 million compared to net profit of Rs 2.9 billion during FY17.

Revenue of the company grew 27.8% to Rs 24 billion during FY18.

The current Price to earnings ratio of HERITAGE FOOD, based on rolling 12 month earnings, stands at 17.2x.