India's Heritage Foods jumps on bonus issue of shares

Heritage Foods

30/09/2022 07:59

** Shares of FMCG company Heritage Foods  HEFI.NS  rise as
much as 13.73% to 354 rupees, their biggest intraday pct gain
since June 2, 2021
    ** Co approves issue of shares on rights basis in ratio of
1:1
    ** Stock rises for a fourth straight session
    ** More than 1.1 mln shares traded by GMT 0650, 6.6x the
30-day avg of 163,202 shares
    ** Three of 4 brokerages rate the stock "buy" or higher, 1
"hold"; their median PT is 375 rupees
    ** Stock down 23.69% YTD, as of last close 
 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))