NHC Foods gets spicy

NHC Foods, a small cap Govt recognized Star Export house. manufacturing packaged spices under the brand name of Saaz is up over 4.5% at Rs.39.40 with an intra day high at Rs.41. Its 52-week high stands at Rs.56.10.

The stock is up after it issued a Press statement that it is expected to benefit from the ruling of the Health Ministry, which has banned sale of powdered spices and condiments under loose or unpackaged conditions. This bodes well for companies like NHC as the competition from unorganized sector is maximum though even after the ban, it would take a long while for the company to actually start feeling the advantages.