{"id":122017,"date":"2024-04-08T17:02:15","date_gmt":"2024-04-08T11:32:15","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=122017"},"modified":"2024-04-08T17:21:48","modified_gmt":"2024-04-08T11:51:48","slug":"recently-listed-stock-hits-5-upper-circuit-after-announcing-expansion-in-north-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/recently-listed-stock-hits-5-upper-circuit-after-announcing-expansion-in-north-india\/","title":{"rendered":"Recently listed stock hits 5% upper circuit after announcing expansion\u00a0in North India"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2520864588\"><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>Share price of this micro-cap stock hit a 5 percent upper circuit at Rs. 88.11 on BSE in the trading session of Monday after the company announced a strategic expansion.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-226133274\"><!-- 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 capitalisation of Rs. 198.2 crores, the share price of Chatha Foods Limited opened at Rs. 86.95 on Monday, compared to its previous closing price of Rs. 83.92.&nbsp;<\/p><p>Chatha Foods IPO opened for subscription on March 19 this year and closed on March 21. With a face value of Rs. 10, the issue&#8217;s price band was set between Rs. 53 and Rs. 56 per share. So far, the company has delivered 14.95 percent of positive returns.&nbsp;<\/p><p>According to recent regulatory filings with the BSE, Chatha Foods Limited announced a strategic expansion into North India&#8217;s Quick Service Restaurant Market.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3661540781\"><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>In order to satisfy the diverse tastes of North India&#8217;s Quick Service Restaurant (QSR) market, Chatha Foods Limited announced the launch of its vegetarian range.&nbsp;<\/p><p>With a wide selection of delicacies, Chatha Foods Limited is set to transform the vegetarian dining and snacking experience across the region.&nbsp;<\/p><p>In a strategic move to enter the market, Chatha Foods Limited is making a concerted effort to find new distributors in key regions within North India. The company\u2019s initial focus is on Punjab, Himachal, Delhi NCR, Haryana, UP, and Rajasthan.&nbsp;<\/p><p>Chatha Foods Limited plans to work with 40+ additional distributors throughout the region to support this expansion. The newly introduced vegetarian range will be heavily promoted and distributed to small and medium-sized QSR establishments by these distributors.&nbsp;<\/p><p>In terms of financials, the revenue from operations of Shukra Pharma increased by 34.5 percent YoY from Rs. 87 crore in FY21-22 to Rs. 117 crore in FY22-23, accompanied by an increase in net profit by 100 percent to Rs. 2 crore in FY22-23 from Rs. 1 crore in FY21-22.&nbsp;<\/p><p>Founded in 1997, Chatha Foods Limited is one of the recognised frozen food processor in India, serving top QSRs (Quick Serving Restaurants), CDRs (Casual Dining Restaurants), and other players in the HoReCa (Hotel-Restaurant-Catering) segment.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-315121906\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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 is also among one of the leading frozen and ready-to-eat processed meat products manufacturers in India.\u00a0<\/p><p><strong>Written by Shivani Singh&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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-1648483182\"><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>Share price of this micro-cap stock hit a 5 percent upper circuit at Rs. 88.11 on BSE in the trading session of Monday after the company announced a strategic expansion.&nbsp; With a market capitalisation of Rs. 198.2 crores, the share price of Chatha Foods Limited opened at Rs. 86.95 on Monday, compared to its previous [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20326,"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":[31,13525],"tags":[],"class_list":["post-122017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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