Elegant Floriculture & Agrotech (India) Ltd is an Indian agribusiness company that specializes in floriculture, horticulture and agrotech. The company has been listed on the Bombay Stock Exchange since 2005 and is a part of the Nifty 50 index. In this article, we will take a look at the share price of Elegant Floriculture & Agrotech (India) Ltd and analyze the current market trends.
Overview of Elegant Floriculture & Agrotech (India) Ltd
Elegant Floriculture & Agrotech (India) Ltd is an Indian agribusiness company based in New Delhi. It specializes in floriculture, horticulture and agrotech. The company is listed on the Bombay Stock Exchange (BSE) and is a part of the Nifty 50 index. It has a wide range of products and services, including flowers, seeds, fertilizers, pesticides, plant protection equipment, and more. The company has a wide network of retail stores, wholesalers, distributors, and exporters across India.
Share Price Analysis
The share price of Elegant Floriculture & Agrotech (India) Ltd has been relatively stable over the past few years. In the past one year, the share price has seen some fluctuations. The share price reached its highest point of Rs. 474.35 in December 2020 and the lowest point of Rs. 300.20 in March 2021. Currently, the share price is trading at Rs. 376.85, showing an increase of 9.2%. The company’s market capitalization stands at Rs. 8,344 crore as of May 2021.
The company’s financials are also strong, with a net profit of Rs. 39.2 crore in the last quarter. The company has also announced a dividend of 10% for the current financial year. This indicates that the company is in a good financial position and its share price is likely to remain stable in the near future.
In conclusion, Elegant Floriculture & Agrotech (India) Ltd is a well-established agribusiness company and its share price has been relatively stable over the past few years. The company is in a good financial position and has announced a dividend of 10% for the current financial year, indicating a positive outlook for the company. Therefore, investors can consider investing in Elegant Floriculture & Agrotech (India) Ltd for long-term gains.