Stocks

Rs 50-crore Chinese order lifts NHC Foods stock up 4.5%

Our Bureau Chennai | Updated on July 01, 2014 Published on July 01, 2014

A Rs 50-crore order has lifted the stock of NHC Foods. The share, with a face-value of Rs 10, jumped 4.5 per cent to Rs 42.70 in the morning.

The order from China, from leading food products importers Minh Phat Imexco, JSC & Cam Giagng, JSC, is NHC Foods’ largest order.

The order is for the company’s SAAZ spices range, especially cumin. SAAZ is the company's high-margin branded spices product line. This is in line with NHC's vision of penetrating Asian markets, which have long been traditional trading partners in India’s spice market.

NHC Foods hopes to send its first shipment worth Rs 20 crore to China by the second quarter of the current fiscal.

Published on July 01, 2014
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