Latest news with #ExportPackingCredit
India.com
22-05-2025
- Business
- India.com
Stock market news: HMA agro shares gain traction despite broad market decline- Here's why
Stock market news: Shares of smallcap company HMA Agro Industries were actively traded on Thursday, standing out amid a broader market downturn. Despite opening in the red at ₹33 — slightly below the previous close of ₹33.65 on the BSE — the stock rebounded during the session to hit an intraday high of ₹33.78. The company, a key player in the frozen meat export sector, currently holds a market capitalization of ₹1,663.06 crore. Board Meeting Announcement Sparks Investor Interest The uptick in trading activity comes after the company notified exchanges about an upcoming board meeting scheduled for May 29, 2025. During this meeting, the board will consider and approve the financial results for the fourth quarter (January–March) and the full financial year 2024–25. In addition to the quarterly results, the board is also expected to deliberate on other important business matters. According to the exchange filing, the agenda includes a proposal to avail Export Packing Credit (EPC) facilities from Punjab National Bank. The company is seeking an additional exposure of ₹100 crore under this facility, which is aimed at supporting its export financing requirements. The board will also review proposals related to the company's Corporate Social Responsibility (CSR) initiatives. IPO Performance and Market Debut HMA Agro made its debut on the stock exchanges in July 2024, listing at a premium of nearly 7% over its issue price of ₹585. The company's ₹480-crore Initial Public Offering (IPO) was comprised of a fresh issue worth ₹150 crore and an offer-for-sale of ₹330 crore. The IPO was moderately successful, garnering 1.62 times subscription by the close of bidding on June 23, 2024. Broader Market Weakness The resilience in HMA Agro's share price came against the backdrop of a steep decline in the broader equity markets. Benchmark indices Sensex and Nifty opened sharply lower, mirroring weak global cues amid growing concerns over the U.S. fiscal outlook and rising debt-related risks. In early trade, the Sensex dropped by 578.3 points, reaching 81,018.33, while the Nifty slipped 203.45 points to 24,610. The decline deepened later in the session, with the Sensex falling as much as 746.48 points to 80,832.82, and the Nifty dropping by 233.80 points to 24,575.65.
Mint
22-05-2025
- Business
- Mint
Small-cap stock below ₹50: HMA Agro share price edges higher despite stock market crash
HMA Agro share price traded higher on Thursday despite a fall in the broader Indian stock market. While the benchmark Sensex plunged more than 700 points, Nifty 50 slipped below the 24,600 level amid weak global market cues. The smallcap stock, HMA Agro shares gained positive momentum after the company announced the dates for its board meeting to consider Q4 results. HMA Agro Industries said its board of directors is scheduled to meet on 29 May 2025 to consider and approve the financial results for the fourth quarter of FY25 along with the full Financial Year 2024-2025. The trading window for dealing in HMA Agro remains closed for the Designated Persons and their immediate relatives till the expiry of 48 hours after the declaration of Audited Financial Results of the Company for the quarter and financial year ended March 31, 2025, the company said in a regulatory filing on May 21. Along with HMA Agro Q4 results 2025, the company said its board of directors will also consider and approve certain other proposals regarding availing Export Packing Credit (EPC) facilities and plan of Corporate Social Responsibility (CSR). The company's board will consider and approve the proposal for availing Export Packing Credit (EPC) facilities from Punjab National Bank as an additional exposure of ₹ 100 crores. It will also consider and approve the Annual Action Plan of Corporate Social Responsibility (CSR) for the Financial Year 2025-26 as recommended by the CSR Committee. HMA Agro share price has gained just 1% in one month, while the small-cap stock has dropped 19% on a year-to-date (YTD) basis. Over the past six months, HMA Agro shares have declined 18%, while it has fallen 38% in one year.
Mint
22-05-2025
- Business
- Mint
Small-cap stock below ₹50: HMA Agro share price edges higher despite stock market crash
HMA Agro share price traded higher on Thursday despite a fall in the broader Indian stock market. While the benchmark Sensex plunged more than 700 points, Nifty 50 slipped below the 24,600 level amid weak global market cues. The smallcap stock, HMA Agro shares gained positive momentum after the company announced the dates for its board meeting to consider Q4 results. HMA Agro Industries said its board of directors is scheduled to meet on 29 May 2025 to consider and approve the financial results for the fourth quarter of FY25 along with the full Financial Year 2024-2025. The trading window for dealing in HMA Agro remains closed for the Designated Persons and their immediate relatives till the expiry of 48 hours after the declaration of Audited Financial Results of the Company for the quarter and financial year ended March 31, 2025, the company said in a regulatory filing on May 21. Along with HMA Agro Q4 results 2025, the company said its board of directors will also consider and approve certain other proposals regarding availing Export Packing Credit (EPC) facilities and plan of Corporate Social Responsibility (CSR) The company's board will consider and approve the proposal for availing Export Packing Credit (EPC) facilities from Punjab National Bank as an additional exposure of ₹ 100 crores. It will also consider and approve the Annual Action Plan of Corporate Social Responsibility (CSR) for the Financial Year 2025-26 as recommended by the CSR Committee. HMA Agro share price has gained just 1% in one month, while the small-cap stock has dropped 19% on a year-to-date (YTD) basis. Over the past six months, HMA Agro shares have declined 18%, while it has fallen 38% in one year. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
