Single-digit PE penny stock below Re 1: Company changed its subsidiary name to NHC International L.L.C-FZ
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up by 12 per cent from its 52-week low of Re 0.86 per share and has given multibagger returns of 290 per cent in 5 years.
NHC Foods Limited has formally notified the stock exchanges regarding a change in the name of its subsidiary company. The entity formerly known as Intra Metal Trading LLC-FZ has officially rebranded to NHC International L.L.C-FZ. This administrative update ensures that the subsidiary’s identity is more closely aligned with the parent company's brand, reflecting a unified corporate structure as per the statutory disclosure requirements.
About the Company
NHC Foods (NHC) has been a trusted name in the industry since 1960 and is a three-star merchant export house and a leading exporter of premium agricultural commodities and spices. Renowned globally for its expertise in the merchant export of Spices, Food Grains, Oil Seeds, Pulses, and Dry Fruits. NHC proudly serves over 30 countries with its signature brands such as Indi Bite, Eat'mor, and Saaz. With a strong focus on technology upgrades, process improvements, and market diversification, NHC is strategically expanding its footprint both in India and new international markets.
On Thursday, shares of NHC Foods Ltd gained 1.05 per cent to an Intraday high of Re 0.96 per share from its previous closing of Re 0.95 per share. The stock’s 52-week high is Rs 3.71 per share and its 52-week low is Re 0.86 per share.
The shares of the company have a PE of 9x whereas the industry PE is 24x with an ROE of 13 per cent and an ROCE of 17 per cent. The stock is up by 12 per cent from its 52-week low of Re 0.86 per share and has given multibagger returns of 290 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.