Kohinoor Foods Share Price Hits Upper Circuit After Approval Of One-Time Settlement

The premium basmati rice manufacturer has faced turbulence since its accounts were declared non-performing assets in June 2018.

Kohinoor Foods share price has been stuck in a 20% upper circuit. (Image Source: Envato)

The share price of Kohinoor Foods Ltd. has been locked in a 20% upper circuit in the last hour of trade after the company announced that its one-time settlement proposal has been approved by the lead consortium lender.

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Kohinoor Foods Share Price Today

The scrip has been stuck in an upper circuit of 19.98% at Rs 48.40 apiece, as of 3:07 p.m. This compares to a 0.15% decline in the NSE Nifty 50 Index.

It has risen 4.31% on a year-to-date basis. Total traded volume so far in the day stood at 23 times its 30-day average. The relative strength index was at 75.63.

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WRITTEN BY
Divya Prata
Divya Prata is a desk writer at NDTV Profit, covering business and market n... more
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