Penny Stock Under Rs 5 Hits Upper Circuit As Management Raises Stake: Do You Own It?

Penny Stock Alert: Shares of NHC Foods Limited rallied nearly 4.59% to hit the upper circuit during Wednesday’s intraday trading session after the company announced an increase in stake by the management.

NHC Foods share price was trading 4.08% higher and hit the upper circuit during Wednesday’s trading session.

NHC Foods Business Update

The company’s board of directors meeting, held on Tuesday, August 25, approved important decisions including a hike in the authorised share capital of the company, a preferential issue, and FCCB conversion. The board had also fixed the date of the AGM and decisions related to the CFO.

The board “approved the allotment of 18,18,79,020 fully paid-up equity shares of face value INR 1/- each at a conversion price of INR 1/- per equity share to M/s. Emerging Market Opportunities Ltd. (FCCB Holder),” stated the company in its BSE filing.

With this, “paid-up equity share capital of the company will increase to Rs 94,38,06,060/-, and divided into 94,38,06,060 fully paid-up equity shares of Re 1/- each.

NHC Foods Q1 Result

The company reported a net profit of Rs 16.99 crore in Q1FY27, which is 919.81% higher than Rs 1.67 crore reported in the first quarter of financial year 2026-27. The company registered a growth of 512.43% on an annual basis in its revenue to Rs 21.29 crore against Rs 3.48 crore in Q1FY26.

Its EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) stood at Rs 21.29 crore during the quarter under review, against Rs 3.48 crore in the same quarter in the previous financial year. The company’s earnings per share stood at Rs 0.6 in Q1FY27 against Rs 0.03 per share.

NHC Foods Share Price Trend

The stock was trading 4.08% higher at Rs 2.04 per share on BSE with a market capitalisation of Rs 156.20 crore at 2:18 pm. The stock dipped to an intraday low of Rs 2.02 per share during the trading session. It has a return on equity (ROE) of 26.12%. The stock has surged 25% in one week and around 56% in two weeks.

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