{"id":105236,"date":"2023-07-14T13:55:08","date_gmt":"2023-07-14T08:25:08","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105236"},"modified":"2023-07-14T13:55:09","modified_gmt":"2023-07-14T08:25:09","slug":"multibagger-fmcg-stock-gained-5-7-after-receiving-incentive-from-govt-of-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-fmcg-stock-gained-5-7-after-receiving-incentive-from-govt-of-india\/","title":{"rendered":"Multibagger FMCG stock gained 5.7% after receiving incentive from Govt of India\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-288553898\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This company has 50-years of legacy in the fruit industry and is the second largest processor and exporter of processed fruit and vegetable commodities. Its shares gained 5.7 percent to reach a 52 week high price on Friday&#8217;s session.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-866418093\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 1,044 crores. The shares of <a href=\"https:\/\/portal.tradebrains.in\/stock\/FOODSIN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Foods And Inns Ltd<\/strong><\/a> gained after the company received a tranche of incentives from the Indian government under the PLI scheme for FY 2021-22.\u00a0<\/p><p>The Ministry of Food Processing Industries approved the Central Sector Scheme Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) with an outlay of Rs.10,900 crore to boost Indian brands of food items in foreign markets. The scheme&#8217;s execution will facilitate processing capacity to generate processed food production of Rs 33,494 crore and the creation of roughly 2.5 lakh jobs by 2026-27.Under this initiative, the company received the first payment of incentives from the Indian government under the PLI scheme for fiscal year 2021-22, totaling Rs 9.7 crores.&nbsp;<\/p><p>At 1:36 p.m. on the NSE, Foods And Inns Ltd shares were trading at Rs 196.60,up 4.60 percent from the previous close.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-843539090\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company&#8217;s share price climbed from Rs 63.55 to current values in the last year, yielding multibagger returns of 204 percent. As a result, if an investor purchased 1 lakh firm shares the previous year, their holdings are now worth 3.04 lakhs!&nbsp;<\/p><p>Foods &amp; Inns Ltd processes and markets fruit pulps, concentrates, spray dried fruit and vegetable powders, powder of various spices to domestic and international markets.&nbsp;<\/p><p>Revenue increased by 57 percent year on year, rising from Rs 632 crore in FY 21-22 to Rs 995 crore in FY 22-23. Within the specified time frame, the net profit climbed by 194 percent from Rs 16 crore to Rs 47 crore.&nbsp;<\/p><p>As per the shareholding pattern, promoters of the company hold a 38.82 percent stake, and retail investors hold 60.53 percent stake in the company for FY 22-23.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><strong><\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2631775758\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This company has 50-years of legacy in the fruit industry and is the second largest processor and exporter of processed fruit and vegetable commodities. Its shares gained 5.7 percent to reach a 52 week high price on Friday&#8217;s session.&nbsp; With a market capitalization of Rs 1,044 crores. The shares of Foods And Inns Ltd gained [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9993,9992,948,936,9994],"class_list":["post-105236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-foods-and-inns-latest-news","tag-foods-and-inns-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-foods-and-inns-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger FMCG stock gained 5.7% after receiving incentive from Govt of India\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This company has 50-years of legacy in the fruit industry and is the second largest processor and exporter of processed fruit and vegetable commodities. 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