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20-Mar2018

White Organic Agro surges on receiving purchase order of 300 tonnes of Aloe Vera Pulp

White Organic Agro is currently trading at Rs. 108.00, up by 4.65 points or 4.50% from its previous closing of Rs. 103.35 on the BSE.

The scrip opened at Rs. 102.10 and has touched a high and low of Rs. 108.00 and Rs. 102.10 respectively. So far 14148 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 138.50 on 23-Jan-2018 and a 52 week low of Rs. 44.35 on 23-Mar-2017.

Last one week high and low of the scrip stood at Rs. 111.00 and Rs. 100.65 respectively. The current market cap of the company is Rs. 188.65 crore.

The promoters holding in the company stood at 27.56%, while Non-Institutions held 72.44% stake in the company.

White Organic Agro has received continual order of Aloe Vera Pulp from Patanjali Ayurveda for an additional 300 tonnes. In past, the supervisory and inspection team of Patanjali Ayurveda visited and inspected the farms and the pulp extraction unit and suggested certain up gradation and renovation of the existing pulp extraction facilities. Following which all the necessary changes had been undertaken to improve the hygiene standards during pulp extraction process.

White Organic Agro (formerly White Diamond Industries) along with its subsidiary is engaged in business of trading in cut and polished diamonds, and real estate and infrastructure. It has announced changes in objects of the company from Diamond Industry to Organic Agricultural activities, change in objects and name of subsidiary to White Organic Retail.


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