• Source:JND

FMCG Stock Under Rs 200: The Shares FMCG sector company GRM Overseas traded higher during the intraday trade on Tuesday after the leading rice exporter informed the launch of a new product. Mirroring the gaining momentum in market, the stock started the session in positive territory at Rs 162.30 as compared to last session's closing of Rs 161.75 on the BSE.

Miniating the momentum, the scrip escalated further to hit an intraday high of Rs 165.70, up 3.95 or 2.44 per cent from the last day's closing. At the time of writing the stock was trading at Rs 164.20, up Rs 2.45 or 1.51 per cent.

Meanwhile, it's market cap stood at Rs 3,027.72 crore and the 52 week high and low values were Rs 185.55 and Rs 88.28, respectively. On the National Stock Exchange (NSE), the stock opened trading at Rs 163.45 and went up to hit an intraday high of Rs 166.41 during the session.

Also Read: Groww Share Price: Fin-Tech Firm's Q4 Profit Rises 122% To Rs 686 Crore, Stock Soars 10%

New Product Launch

In a recent stock market announcement, the company announced the launch of its 10X Basmati rice, suitable for diabetics. According to the company, the newly introduced product aims to meet the growing global demand for healthy foods amid rising diabetes cases.

Share Price History

According to BSE Analytics, the company shares rose over 270 per cent in last five years, while in lats three years the stock jumped over 185 per cent. In two years period the stock soared over 260 per cent. In a year, the scrip jumped over 55 per cent and in last six months the stock escalated nearly 20 per cent. However, this year till date, the stock remained flat and in a month it rose nearly 6 per cent.

Also Read: Stock Market Trades Higher Amid Hopes Of US-Iran Peace Talks, Sensex up 440 Points, Nifty Trades Over 24,480

Stock Market Today

The domestic equity market is trading higher on the hopes of second round of peace talks between US and Iran. At the time of writing, BSE Sensex was trading at 79,202.03, up 681.73 point or 0.87 per cent. Nifty50 quoted at 24,548.25, up 183.40 points or 0.75 per cent.

The rally is fueled by broad-based buying.

Disclaimer: This story has been directly published from agency feed. No changes have been made except the headline.


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