{"id":111680,"date":"2023-10-12T13:52:49","date_gmt":"2023-10-12T08:22:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111680"},"modified":"2023-10-12T14:56:24","modified_gmt":"2023-10-12T09:26:24","slug":"stock-hits-10-lower-circuit-after-company-plans-to-sell-its-fresh-fruit-business","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-10-lower-circuit-after-company-plans-to-sell-its-fresh-fruit-business\/","title":{"rendered":"Stock hits 10% lower circuit after company plans to sell its fresh fruit business\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-114505051\"><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>The shares of India&#8217;s top fruit exporter hit a 10 percent lower circuit to Rs 246.20 per share on Thursday after the company board planned to sell the company&#8217;s Fresh fruit business.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-471583135\"><!-- 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>At 10:00 a.m., Freshtrop Fruits Ltd shares hit a 10 percent lower circuit to Rs 246.20 on the National Stock Exchange. The company has a market capitalization of Rs 243 crore.\u00a0<\/p><p>According to the company\u2019s BSE filings, On Monday, October 16, 2023, the company board scheduled a meeting to consider the sale of the Fresh Fruit business on a slump sale basis, subject to all relevant permissions, procedures, and formalities.&nbsp;<\/p><p>The company\u2019s revenue has increased by 41 percent yearly, from Rs 174 crore in FY 21-22 to Rs 246 crore in FY 22-23. In the same time frame, the company\u2019s net profit has increased by 14 percent from Rs 7 crore to Rs 8 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3980860874\"><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 return on equity increased from 8.80 percent in FY22 to 10.27 percent in FY23, while the return on capital employed rose from 11.81 percent to 13.53 percent during the same period.&nbsp;<\/p><p>The company\u2019s stock has delivered returns of 140 percent in six months and 230 percent over a year. A shareholder&#8217;s investment of Rs. 1 lakh in the business would be worth Rs. 3.40 lakhs after a year and Rs. 2.40 lakhs after a half-year.&nbsp;<\/p><p>The company promoters hold 63.22 percent of the company as of a recent shareholding pattern, and retail investors hold a 36.79 percent stake.&nbsp;<\/p><p>Freshtrop Fruits Limited is engaged in the business of exporting fresh fruits and vegetables to supermarket chains in the International Markets.&nbsp;<\/p><p><strong>Written by Omkar Chitnis<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1614581328\"><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>The shares of India&#8217;s top fruit exporter hit a 10 percent lower circuit to Rs 246.20 per share on Thursday after the company board planned to sell the company&#8217;s Fresh fruit business.&nbsp; At 10:00 a.m., Freshtrop Fruits Ltd shares hit a 10 percent lower circuit to Rs 246.20 on the National Stock Exchange. The company [&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":[4865,31],"tags":[],"class_list":["post-111680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"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>Stock hits 10% lower circuit after company plans to sell its fresh fruit business\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of India&#039;s top fruit exporter hit a 10 percent lower circuit to Rs 246.20 per share on Thursday after the company board planned to sell the company&#039;s Fresh fruit business.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-hits-10-lower-circuit-after-company-plans-to-sell-its-fresh-fruit-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock hits 10% lower circuit after company plans to sell its fresh fruit business\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of India&#039;s top fruit exporter hit a 10 percent lower circuit to Rs 246.20 per share on Thursday after the company board planned to sell the company&#039;s Fresh fruit business.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-hits-10-lower-circuit-after-company-plans-to-sell-its-fresh-fruit-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-12T08:22:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-12T09:26:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/fruits-export.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/stock-hits-10-lower-circuit-after-company-plans-to-sell-its-fresh-fruit-business\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-hits-10-lower-circuit-after-company-plans-to-sell-its-fresh-fruit-business\/\",\"name\":\"Stock hits 10% lower circuit after company plans to sell its fresh fruit business\u00a0 - 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