{"id":114272,"date":"2023-11-23T17:11:38","date_gmt":"2023-11-23T11:41:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114272"},"modified":"2023-11-23T17:12:24","modified_gmt":"2023-11-23T11:42:24","slug":"micro-cap-stock-in-green-after-it-announces-the-launch-of-its-new-jv-in-andhra-pradesh","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/micro-cap-stock-in-green-after-it-announces-the-launch-of-its-new-jv-in-andhra-pradesh\/","title":{"rendered":"Micro-cap stock in green after it announces the launch of its new JV\u00a0in Andhra Pradesh"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2140985096\"><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>Micro-cap stock is India\u2019s second-largest processor and exporter of processed fruit and vegetable products, jumped marginally in the day\u2019s trade after the launch of its new joint venture, which is going to manufacture a product, that is mostly(95%) imported in India.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3832118280\"><!-- 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 3:15 p.m. the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/FOODSIN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Foods &amp; Inns Limited<\/a><\/strong> were trading at Rs. 171.20, up 0.65 percent from its previous day&#8217;s close price of Rs. 170.10 and its market capitalization is Rs. 143.54 Crores.\u00a0<\/p><p>Foods &amp; Inns has launched its new joint venture firm named \u2018 Beyond Mango\u2019 at Chittoor in Andhra Pradesh. This joint venture is 50 percent owned by Foods and Inns and the technology partners hold the balance 50 percent. The first phase has been launched with a capacity of 150 MTPA.&nbsp;<\/p><p>This project converts fruit waste into Pectin, Oils, and butter, currently 95 percent of India\u2019s Pectin requirement is imported. Pectin has a huge potential in India since they are plant and fruit-based i.e. making them vegetarian as compared to Gelatine which is a similar product made of animal fat.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2850582048\"><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\u2019s revenue grew 57.49 percent from Rs. 632.15 Crores in FY22 to Rs. 995.57 Crores in FY23, accompanied by increasing profits of Rs. 15.29 Crores to Rs. 47.41 Crores.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 21.39 percent and a return on capital employed (ROCE) of 17.88 percent, it is making good returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the September 2023 quarter, the company\u2019s Promoters hold a 28.81 percent stake, Domestic Institutional Investors hold 0.11 percent and Foreign Institutional Investors hold 0.76 percent.&nbsp;<\/p><p>Foods &amp; Inns Limited is India\u2019s second-largest processor and exporter of processed fruit and vegetable products. It is primarily engaged in the manufacturing and selling of a variety of processed tropical fruits, vegetables, spray-dried powders, frozen foods, spices, and many more.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-1197583731\"><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>Micro-cap stock is India\u2019s second-largest processor and exporter of processed fruit and vegetable products, jumped marginally in the day\u2019s trade after the launch of its new joint venture, which is going to manufacture a product, that is mostly(95%) imported in India.&nbsp; At 3:15 p.m. the shares of Foods &amp; Inns Limited were trading at Rs. [&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":[14643,14642,948,936],"class_list":["post-114272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-foods-inns-latest-news","tag-foods-inns-share-price","tag-stock-market","tag-stock-market-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>Micro-cap stock in green after it announces the launch of its new JV\u00a0in Andhra Pradesh - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Micro-cap stock is India\u2019s second-largest processor and exporter of processed fruit and vegetable products, jumped marginally in the day\u2019s trade after the launch of its new joint venture, which is going to manufacture a product, that is mostly(95%) imported in India.\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\/micro-cap-stock-in-green-after-it-announces-the-launch-of-its-new-jv-in-andhra-pradesh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Micro-cap stock in green after it announces the launch of its new JV\u00a0in Andhra Pradesh\" \/>\n<meta property=\"og:description\" content=\"Micro-cap stock is India\u2019s second-largest processor and exporter of processed fruit and vegetable products, jumped marginally in the day\u2019s trade after the launch of its new joint venture, which is going to manufacture a product, that is mostly(95%) imported in India.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/micro-cap-stock-in-green-after-it-announces-the-launch-of-its-new-jv-in-andhra-pradesh\/\" \/>\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=\"2023-11-23T11:41:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-23T11:42:24+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\/micro-cap-stock-in-green-after-it-announces-the-launch-of-its-new-jv-in-andhra-pradesh\/\",\"url\":\"https:\/\/tradebrains.in\/features\/micro-cap-stock-in-green-after-it-announces-the-launch-of-its-new-jv-in-andhra-pradesh\/\",\"name\":\"Micro-cap stock in green after it announces the launch of its new JV\u00a0in Andhra Pradesh - 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