In the last three years, shares of LT Foods Ltd have gone up by almost 460%. On May 11, 2020, the small cap stock finished at Rs 20.35. Today, it hit a high of Rs 114 on the BSE, which is a rise of 460.19% in that time. If you had put Rs 1 lakh into LT Foods shares three years ago, you would have Rs 5.6 lakh today. Sensex, on the other hand, has gone up by 97% during the same time period.Today, LT Foods stock rose 4.73 percent to Rs 113.95 on BSE, from Rs 108.80 at the end of the previous session. Before, the stock started lower on BSE, at Rs 107.70. On June 20, 2022, it was worth Rs 66.50, and on October 28, 2022, it was worth Rs 135.85.
In terms of technicals, the stock’s relative strength index (RSI) is at 58.6, which means that it is neither overbought nor oversold. With a beta of 0.9, LT Foods shares don’t change much over the course of a year. The 5 day, 20 day, 50 day, 100 day, and 200 day moving averages are all above the price of LT Foods shares.
The stock has gone up by 44% in a year, but it has gone down by 2.38% this year. On BSE, 1.33 million shares of the company changed hands, which brought in Rs 1.49 crore. The company’s market value was Rs 3,911 crore.
For the quarter ending in March 2023, 18 founders owned 51% of the company, and 1,50,047 public owners owned 59%, or 17,01 crore shares. Of these, 1,46,015 public owners owned up to Rs 2 lakh worth of shares, or 16.95% of the company. For the quarter that finished in March 2023, only 36 shareholders (7.28%) had capital above Rs 2 lakh.
In the December quarter of the previous fiscal year, LT Foods’ net profit jumped by 33.49% to Rs 95.27 crore, from Rs 71.42 crore in the previous quarter. In Q3, sales went from Rs 1368.22 crore to Rs 1778.47 crore, which is a 30% increase.
The company’s annual earnings for the fiscal year that finished in March 2022 showed a 6.62 percent increase in profit, from Rs 274.05 crore to Rs 292.18 crore. For the March 2020 fiscal year, the company lost Rs 23.45 crore.
In the fiscal year that finished in March 2022, sales jumped by 14.46%, from Rs 4741.92 crore to Rs 5427.37 crore. For the year that finished in March 2020, sales were worth Rs 184.50 crore.
LT Foods is a company that makes food for people to eat at home. The company does business around the world with gourmet rice and rice-based foods, organic foods, and ingredients. Basmati and Other Specialty Rice, Organic Food and Ingredient Business, and Convenience and Health.