Broadly at a portfolio level, calendar year 2022 was more or less flat, however, at the company level, a couple of our top holdings like JK Paper and LT Foods have almost doubled from the last years valuation.

Subdued Asian markets and continued selling by foreign investors further weighed on investor sentiment, traders said. The 30-share BSE benchmark ended 216 lower at 62,410.68, while Nifty settled at 18,560.50.

"The Promoters of the Company will continue to hold the majority equity stake of 51%"

"In addition, SALIC will acquire a 1.33 per cent equity stake through a secondary share purchase from the Promoters Group. Post completion of this transaction, SALIC will hold a 9.22 per cent equity stake in LT Foods. The Promoters of the company will continue to hold the majority equity stake of 51%," LT Foods said in a stock exchange filing.

The preferential issuance of 27,408,164 equity shares is equivalent to 7.89 per cent equity stake in LT Foods, at Rs 142.23 per share to SALIC, a Saudi Joint Stock Company that is owned by the Public Investment Fund of the Kingdom of Saudi Arabia.

The latest shareholding filings suggest that the investor holds 50 stocks with an estimated net worth of Rs 2,251 crore, Trendlyne data showed.

“As we are into results season, we will see stock-specific performance due to the actual results. In the midcap space, we like GHCL, Tata Chemicals, Vishnu Chemicals & rice exporting companies like KRBL & LT foods. One can also look at Shree Renuka Sugar LTD, Pennar Industries Ltd, Jindal Drilling and Industrial Ltd, RK forge and La Opala RG Ltd.”

FII flows, global cues, along with currency markets, will play a vital role in deciding the market direction

#InvestmentIdeas #DAAWAT 🔴 Profile:- Daawat (LT Foods) is the leading processor of rice and other specialty foods in India. - The firm's br

The Nifty Pharma index was trading 0.61 per cent up at 13198.6.

The Nifty Realty index was trading 1.47 per cent up at 424.9.

The Nifty Pharma index was trading 0.09 per cent down at 12734.0.

TRF Ltd, Hindcon Chemicals, LT Foods, Tata Investment and Bharat Gears, hit their fresh 52-week highs at 11:20AM.

Infosys, Tech Mahindra, TCS, HCL Tech and Wipro were among the top losers on NSE.

The government has banned the export of broken rice and imposed a duty of 20 percent on exports of non-basmati rice amid fears of a continuing rise in retail prices

The government on Thursday prohibited exports of broken rice and imposed a 20% levy on shipments of unmilled and husked brown varieties, according to release.

The government is discussing curbs on broken rice exports, which account for almost 20% of Indias shipments abroad, as local prices have soared, said the people, who asked not to be identified as the information is private. Talks are in advanced stages and a decision may be announced soon, the people said.

The price action indicates that the counter is poised for Rs 350 till the time it is sustaining above Rs 275. Thus, we advise investors to accumulate the stock in the range of Rs 308-300 with a stop loss of Rs 285 for the upside target of Rs 345 in 1 – 3 months.

Its net profit stood at Rs 76.17 crore in the same quarter of the previous fiscal, according to a regulatory filing.

Atlas Integrated Finance's midcap fund, which gave a marginally negative return of 0.23 per cent last month, was seen betting heavily on Honeywell Automation, Dixon Technologies, Relaxo Footwears and Whirlpool India. It also chose to invest about 22 per cent of its holdings in a liquid fund.

Geojit recommended accumulate rating on LT Foods with a target price of Rs 82 in its research report date June 21, 2022.

LT Foods Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2258.10 Crore) operating in Agro Processing sector.