The shares of Kohinoor Foods Limited have given multibagger returns of 372.26% in less than two months. The shares were trading at ₹ 7.75 on April 6, 2022, and they are currently locked at ₹36.60 apiece, giving multibagger returns of 372.26% in less than two months.
The shares of the company have been hitting the upper circuit every single day since its listing, for 34 sessions now. Even today, the shares are locked at an upper circuit.
Therefore, if an investor would have invested ₹ 1,00,000 in the shares of the company at the time of its listing, the value of their holdings would have been ₹ 4,72,260 today!
On Thursday, 29,270 equity shares changed hands with pending buy orders of 14,45,462 shares. Currently, the shares of the company are in the T Group on The BSE.
“The suspension in trading of equity shares of Kohinoor Foods will be revoked w.e.f. April 06, 2022. The trading in the securities of the company will be resumed in “T” group,” the BSE said.
Acquisition by Adani Wilmar
Kohinoor Speciality Foods India Private Limited (KSF), a subsidiary of Kohinoor Foods Ltd (KFL) was engaged in the Basmati Rice business in India under the famous ‘Kohinoor’ brand. McCormick purchased the ‘Kohinoor’ brand and other trademarks in 2017. On 3rd May 2022, Adani Wilmar announced that it will acquire renowned Basmati rice brand Kohinoor from McCormick Switzerland GMBH.
About the company
Kohinoor Foods is primarily engaged in the business of manufacturing, trading and marketing food products. The company offers an extensive range that caters to consumers’ needs across the world – ranging from a wide variety of basmati rice, ready to eat curries and meals, cooking pastes, chutneys, readymade gravies, spices and seasonings to frozen bread, snacks, healthy grains, and edible oils.
‘Kohinoor’ which is its most powerful brand is a household name in countries like the USA, UAE, Canada, Australia, the Middle East, Singapore, Japan, Mauritius and other European countries.
Disclaimer
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