Vitan Agro hits a new high

Vitan Agro Industries, a Chennai based company, which is into trading of Pulses, Grains, Spices, Edible Oil, Agarbattis and Agro Based - Fast Moving Consumer Goods is in the limelight today.

The company has announced that its Board will be meeting on the 28th of December to consider, approve and take on record, the disinvestment of 100 percent paid up-share capital of Amirdham Food, a wholly-owned subsidiary of the company.

The stock price today breached the 20% UC and its 52-wek high at Rs.19.65.

This is a small cap stock, with no promoters stake; entire 100% is held by the public, in which the names of some of the board members name figures out as stake holders. The company had ended Q2Fy17 with a net sales of Rs.69 lakh and net profit of Rs.11 lakh. Equity is at Rs.8.35 crore and face value at Re.1.