Micro cap stock jumped 5 percent from its day trading session after receiving an order to supply dry fruits, spices, and other food products to the Taj Group of Hotels, part of Indian Hotels Limited
Price movements
With the market capitalization of Rs 101 crores, Leo Dryfruits & Spices Trading Ltd is up by 3.5 percent compared to the previous close of Rs 55.06, hit a day’s high of Rs 58.12, and the share is down by 22 percent from its 52-week high of Rs 74.70.
About the news
Leo Dryfruits & Spices Trading Ltd has received an order to supply dry fruits, spices, and other food products to the Taj Group of Hotels, part of Indian Hotels Limited. The contract spans one year, with product rates already agreed upon. However, the actual quantity of supplies will be based on the individual Purchase Orders (POs) placed throughout the contract duration
This order has a positive influence on the company’s operations, enhances its market position, and generates new growth opportunities
About the company
Leo Dryfruits & Spices Trading Ltd. specializes in the trading and processing of dry fruits and spices, offering products such as almonds, pistachios, cashews, raisins, and walnuts. The company also owns brands like Vandu Spices and FRYD Foods.
Financials
The company reported a revenue of Rs 62.17 crores in FY24, up by 71 percent from its FY23 revenue of Rs 36.44 crores. It posted a Net profit of Rs 6.64 crore in FY24, up by 82 percent from its FY23 net profit of Rs 3.63 crores.
Written By Sanjay G
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