Foods & Inns Reaches New Record of 52 Weeks Gaining PLI Program Approval for Brand and Marketing Spending | Udaipur News | Latest news from Udaipur
Foods & Inns is currently trading at Rs. 96.00, up 3.40 points or 3.67% from its previous close of Rs. 92.60 on BSE.
The script opened at Rs. 95.55 and hit a high and low of Rs. 99.50 and Rs. 93.05 respectively. So far, 60,493 shares have been traded over the counter.
Group ESB ‘B’ share with a par value of Rs. 1 hit a 52 week high of Rs. 99.50 on Jan 7-2022 and a low of Rs over 52 weeks. 47.55 on Feb 24, 2021.
Last week the high and low of the script stood at Rs. 99.50 and Rs. 84.85 respectively. The current market capitalization of the company is Rs. 471.92 crore.
The participation of the promoters in the company amounted to 45.21% and the Non-Institutions to 54.79%.
Foods & Inns has received approval from the Government of India under the Production Incentive Program (PLI) – Category 3, whereby the company must incur branding and marketing expenses to create its own brands in outside India between fiscal years 2021-22 and 2025-2026. The government, as part of this incentive program, will reimburse the company for 50% of branding and marketing expenses on an annual basis from fiscal year 22-23 to fiscal year 26-27. These incentives will take the form of direct bank transfers to the company after reaching the annual milestones committed under the program.
Foods & Inns is a leading manufacturer and exporter of fruit pulp and concentrates in canned and aseptic packaging, frozen pulp and vegetables, fruit powders, etc.