Shares of Jagatjit Industries rose over 2% after the company officially concluded its agreement with Hindustan Unilever Limited (HUL) to manufacture and supply popular malted milk food products, including Boost and Horlicks. The contract, which began on January 1, 2021, ended on December 31, 2024, without renewal, as per HUL’s decision.
Although the agreement has ended, Jagatjit Industries will continue to supply malt extract to HUL from its state-of-the-art facilities. The company remains optimistic about future opportunities, aiming to secure similar agreements with other brands, leveraging its advanced production capabilities and high-quality raw materials.
Jagatjit Industries shares opened at ₹241.90, with a high of ₹248.60 and a low of ₹241.00 during the trading session. The stock is currently far from its 52-week high of ₹309.50 and well above its 52-week low of ₹144.00.
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