update

Usher Agro trades jubilantly on commissioning new Silica Manufacturing plant.

       Usher Agro has successfully commissioned its new Silica Manufacturing plant on July 30, 2014. The company has recently commenced commercial production of its new rice milling facilities located at Chhata, Mathura district in state of Uttar Pradesh as part of the company’s on-going capacity expansion project.

       Usher Agro is extensively into producing fine & superfine Wheat flour (Maida), Samolina premium (Rawa/Suji), R-Aata, Whole meal Aata (Chakki Aata), and Bran (choker). These wheat products are also plugged under the well-known brand ‘Rasoi Raaja’.

       The promoters holding in the company stood at 32.22% while Institutions and Non-Institutions held 12.71% and 55.07% respectively.

       The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 49.65 on 08-Jan-2014 and a 52 week low of Rs. 24.30 on 30-Oct-2013.

       Last one week high and low of the scrip stood at Rs. 40.40 and Rs. 37.65 respectively. The current market cap of the company is Rs. 150.33 crore.

       The scrip opened at Rs. 38.35 and has touched a high and low of Rs. 39.80 and Rs. 38.35 respectively. So far 7885 shares were traded on the counter.

       Usher Agro is currently trading at Rs. 40.15, up by 2.35points or 6.22% from its previous closing of Rs. 37.80 on the BSE.