Agri product:share in rocket speed!!
Rocket Share: The stock of agri Products Company ran up 85% in two months, these shares rose 29% in last 4 sessions This company of agro product segment is the largest company in its sector with a market share of 30 percent.
Shares of gujarat Ambuja Exports (GAEL) have been witnessing a strong rally for the last two months. The company doing business in agri products is showing good growth. On Wednesday, april 13, in intra-day trade on BSE. The stock rose 10 percent to hit a new high of Rs 329.55. The stock witnessed high volumes despite weakness in the market.
On Wednesday, at 02:02 pm, the S&P BSE Sensex lost 0.25 percent. In comparison, GAEL was trading 6.5 percent higher at Rs 316.55. Trading was witnessed in a combined Rs 220 lakh equity shares on NSE and BSE. In the last two months, the benchmark index has seen a rise of 3.6 percent. While this stock has jumped 85 percent from Rs 178.
The Company informed BSE about the increase in trading volume on the stock and that the increase in the volume of shares is market-driven. The Management of the Company is not concerned with the increase in the volume of shares.
It is used in many industries like food, pharma, and paper. the company refined oils (mainly soybean oil) and de-oiled cakes (DOC); Manufactures corn products and cotton yarns such as starch, glucose, sorbitol, dextrose monohydrate powder, and maltose dextrin powder.
According to business Standard news, GAEL is one of the established companies in the agriculture and maize processing business in India.
In january 2022, GAEL announced an investment of Rs 400 to 500 crore to set up a greenfield corn wet milling plant at Sitarganj, Uttaranchal (Uttarakhand). The company is planning to increase its capacity by setting up a new plant in Malda, West Bengal.