Penny Stock Under Rs 1: Food Processing and Trading Company Surges Over 3% As It Acquires Hong Kong-Based Conquer Enterprises
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Rs 1 penny stock is back in action as NHC Foods Ltd gains over 3 per cent following its latest international acquisition.
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NHC Foods Ltd share price surged 3.30 per cent after the company announced that its wholly owned foreign subsidiary, NHC International L.L.C-FZ, has acquired 100 per cent stake in Hong Kong-based Conquer Enterprises Ltd.
The acquisition, effective March 11, 2026, marks a significant step in the company’s efforts to expand its global footprint and diversify its trading operations.
Conquer Enterprises Ltd has a paid-up share capital of USD 129,032 (HKD 1 million) and reported a turnover of USD 95.50 million as on March 31, 2025. The Hong Kong-based firm operates in the trading segment, dealing in metals, steel products and a range of agro commodities.
The company clarified that the transaction does not fall under related party transactions. It further stated that none of the promoter group or associated entities have any interest in Conquer Enterprises Ltd, and the deal has been executed at arm’s length.
According to the company, the acquisition is aligned with its long-term strategic objectives. The move is expected to open new business avenues while strengthening its existing operations in international markets. By integrating Conquer Enterprises Ltd’s trading capabilities, NHC Foods aims to enhance its presence in metals and agro-product trading alongside its core business.
About NHC Foods Ltd
NHC Foods Ltd is a government-recognised Three Star Export House engaged in the processing and trading of a wide range of agri-products. Its portfolio includes whole and ground spices, lentils, pulses, grains, oilseeds, and assorted food products.
The company was originally incorporated in 1960 by Apoorva Himatlal Shah. Following a rights issue, Shah exited his stake, and the Company is now professionally managed by Satyam Joshi, who, along with his investor group, holds a majority stake.
NHC Foods Ltd Share Price Performance
NHC Foods Ltd shares closed at Rs 0.94, gaining Rs 0.03 or 3.30 per cent from the previous close of Rs 0.91. The stock opened at Rs 0.94 and touched an Intraday high of Rs 0.96, while the low stood at Rs 0.88.
On the performance front, the penny stock has delivered a return of 25.33 per cent over the past one month. However, on a one-year basis, the stock has remained largely flat, with a marginal gain of around 1.08 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.