{"id":114590,"date":"2023-11-29T14:10:40","date_gmt":"2023-11-29T08:40:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114590"},"modified":"2023-11-29T14:10:45","modified_gmt":"2023-11-29T08:40:45","slug":"fmcg-stock-jumps-5-after-it-sets-up-a-manufacturing-unit-in-north-east-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-5-after-it-sets-up-a-manufacturing-unit-in-north-east-check-the-details\/","title":{"rendered":"FMCG stock jumps 5% after it sets up a manufacturing unit in North East; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2501851512\"><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>Shares of this FMCG stock under the \u2018micro-cap\u2019 category gained around 5 percent in Wednesday\u2019s trading session after the company gave updates on setting up a new manufacturing unit in North East.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2099281467\"><!-- 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 580 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ANNAPURNA\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Annapurna Swadisht Limited<\/a><\/strong> opened their trading hour at Rs 329.55 and currently trades at Rs 333, gaining around 5 percent as compared to the previous close of Rs 317.30 apiece.\u00a0<\/p><p>The company, in a recent filing with the National Stock Exchange (NSE) last week, intimated about a decision made to make an investment for the purpose of acquiring 100 percent of the paid-up and issued capital of \u201cAnnapurna Snacks Private Limited\u201d.&nbsp;<\/p><p>The manufacturing setup is a step towards the company\u2019s vision to expand in the Northern regions of the country. The above transaction is decided to be completed within one month from the date of approval.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3425886771\"><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 subscription to the shares will make the company a wholly-owned subsidiary for setting up a manufacturing unit in the North East. In the initial phase, the company will be investing Rs 1 lakh to acquire the whole paid-up and issued capital of Annapurna Snacks Private Limited.&nbsp;<\/p><p>During the recent financial years, the company reported tremendous growth in basic business indicators such as operating revenues and net profits. The former spiked from Rs 11 crores during FY21-22 to Rs 160 crores during FY22-23, and, the latter, moved up from Rs 1 crore to Rs 7 crores.&nbsp;<\/p><p>As per the shareholding pattern data for the quarter ended September 2023, the company\u2019s Promoters hold a 48.96 percent stake, and the Public (retail) investors hold the remaining 51.04 percent stake in the company.&nbsp;<\/p><p>Annapurna Swadisht Limited is involved in the business of manufacturing snacks and other food products such as Fryums, cakes, candy, chips, and many more. Selling more than 12 lakh packets daily, the company&#8217;s products are marketed under its own brand names, viz, Jackpot, Rambo, Makeup Box, Dhamaka, Cream Filled Cake Vanilla, among others.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani\u00a0<\/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-1525190376\"><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>Shares of this FMCG stock under the \u2018micro-cap\u2019 category gained around 5 percent in Wednesday\u2019s trading session after the company gave updates on setting up a new manufacturing unit in North East.&nbsp; With a market capitalization of Rs 580 crores, the stocks of Annapurna Swadisht Limited opened their trading hour at Rs 329.55 and currently [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105392,"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":[14761,14762,14760,948,936],"class_list":["post-114590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-annapurna-swadisht-latest-news","tag-annapurna-swadisht-new-plant","tag-annapurna-swadisht-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>FMCG stock jumps 5% after it sets up a manufacturing unit in North East; 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