Stock under Rs 50: This FMCG stock gains on allotment of equity shares by subsidiary company

Shares of frozen meat exporter gained on Friday, i.e. on May 16, 2025, after the company informed exchanges that its subsidiary has allotted 30.37 lakh equity shares by way of conversion of loan into equity. The stock opened in green at Rs 33.05 on the BSE against the previous close of Rs 32.91 and gained further to touch the high of Rs 33.70 - a gain of 2.40 per cent. The 52-week high of the counter is Rs 59.44 and the 52-week low is Rs 27.54. The market cap of the FMCG company is Rs 1,684 crore. 

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