LT Foods shares increased 4.73% to Rs 113.95 today, from a previous close of Rs 108.80 on the BSE. The company’s market capitalization was Rs 3,911 crore.
In comparison, the Sensex has grown 97% throughout this time. LT Foods shares increased 4.73% today to Rs 113.95 on the BSE, from a previous closing of Rs 108.80. Previously, the shares opened lower on the BSE at Rs 107.70.
In terms of technicals, the stock’s relative strength index (RSI) is 58.6, indicating that it is neither overbought nor undersold. The beta of LT Foods is 0.9, indicating moderate volatility over the course of a year.
The stock has climbed 44% in a year and dropped 2.38% this year. On the BSE, 1.33 lakh shares of the company were traded, resulting in a turnover of Rs 1.49 crore. The firm’s market capitalization was Rs 3,911 crore.
LT Foods’ net profit increased 33.49% to Rs 95.27 crore in the December quarter of the fiscal year, compared to a profit of Rs 71.42 crore in the quarter ending December 2021.
The company reported a 6.62 percent increase in profit to Rs 292.18 crore, up from Rs 274.05 crore the previous year.
Sales increased 14.46% to Rs 5427.37 crore in the fiscal ended March 2022, compared to Rs 4741.92 crore in the fiscal ended March 2021. Sales for the fiscal year ending March 2020 totaled Rs 184.50 crore.
The Business
- LT Foods is a food firm that specialises in consumer food. Across the globe, the company is active in speciality rice and rice food items, organic food, and ingredient industry.
- The business is divided into three divisions: Basmati and Other Specialty Rice, Organic Food and Ingredient Business, and Convenience and Health.