Mumbai, 9th Dec, 2024: NHC Foods Limited is emerging as a promising multibagger stock, driven by impressive financial performance and strategic growth initiatives.
The Rights issue of this prominent exporter of agricultural commodities and spices, NHC Foods offers a lucrative opportunity for new investors through the Rights Entitlement (RE) mechanism.
Right share priced at ₹1 per share, well below its market value of ₹3.21 as of December 3, 2024, this offering allows investors to buy shares at an attractive price of Rs. 1. Investors can purchase few NHC Foods REs (NHCFO-RE) and buy any portion of the Rights Issue at ₹1 per share, offering a strategic and cost-efficient way to gain exposure to a rapidly growing company.
NHC’s 6 months PAT of H1FY25 is 405 lacs which already surpasses the full year PAT of 235 lacs achieved in FY24. For long-term investors, this rights issue presents a valuable proposition to enhance their portfolios while benefiting from the company’s growth trajectory. This approach broadens the investor base and offers a chance to benefit from NHC Foods’ ongoing success, which includes over 375% profit growth and 50% plus revenue gains in the recent quarters.
With strategic plans focusing on innovation and global expansion, the company presents a compelling case for those looking to tap into its growth potential through this rights issue. Management’s focus on technology, R&D, and product innovation, alongside an emphasis on global market diversification, positions NHC Foods for sustained long-term growth.
The subscription window for NHCFO- RE (Rights Entitlement) will remain open from December 5 to December 12, 2024. The record date for NHC Foods Limited’s ₹47.42 crore rights issue was November 26, 2024.
The 3 Star Export House, NHC Foods with exports to 30+ countries is famous for some leading and signature brands like Indi Bite, Eat’mor and Saaz.
To conclude, investors must purchase few NHCFO-RE and then buy and apply for any amount of right issue at Rs.1 against current market price of Rs. 3.21.