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Stock Data
| Industry |
Food processing |
| Asset Class |
Mid Cap |
| Scrip Code |
531335 |
| LTP as on 30/05/05 |
128.45 |
| 52 week High/Low |
128.45 / 10.74 |
| Recommendation |
BUY |
| No. of shares held by non-promoters |
3,504,690.00 |
| Stake Holding as on 30/05/05 |
Promoters - 24.81% |
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Others - 75.19% |
Company Backgroud
Carnation Nutra Analogue Foods Ltd. was formed in Ahmedabad, Gujarat in 1994 with the objective of producing analogue food products, to be positioned as healthy substitutes of diary products.
The company has made great strides since then with its sales & net profits showing a meteorical cummulative growth of 1864% & 649%, over a span of 6 years, from 1999 to 2005. After its initial years of struggle, it turned around in 2001 with a profit of 4.77 mn.
The company is currently doing both retail & institutional selling with nearly 70% coming from the latter user segment.
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* Manisha Kale, MBA (Finance), is currently working in Indiabulls Financial Services Ltd. as Manager-Equities. She is independent of the management of the researched company. The information contained in the article has been collected from sources believed to be reliable; the author accepts no responsibility for the accuracy of its contents.
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