Shares of Mayank Cattle Food Limited rose by 8% to ₹257.50 in early trading after the company unveiled its plans to expand its distribution network by onboarding 78 new dealers and sub-dealers across India.
Key Details:
- Expansion Strategy: 78 new dealerships and sub-dealerships have been allocated to strengthen the company’s nationwide presence.
- Product Focus: The network will distribute popular animal feed products, including maize oil and maize cake.
- Objective: The initiative aims to enhance the company’s market reach and cater to the increasing demand for its products.
In a regulatory filing, the company highlighted that this strategic move aligns with its vision to scale operations and improve accessibility in the agricultural and animal husbandry sectors. The expansion is expected to contribute significantly to revenue growth and operational efficiency.
Mayank Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Dec 20 2024
|
₹266.10
|
₹238.65
|
-10.25%
|
|
Thu, Dec 19 2024
|
₹253.05
|
₹265.90
|
|
|
Wed, Dec 18 2024
|
₹255.10
|
₹254.70
|
|
|
Tue, Dec 17 2024
|
₹250.05
|
₹250.00
|
|
|
Mon, Dec 16 2024
|
₹246.50
|
₹249.90
|
|
|
Fri, Dec 13 2024
|
₹246.50
|
₹245.00
|
|
|
Thu, Dec 12 2024
|
₹240.15
|
₹244.65
|
|
|
Wed, Dec 11 2024
|
₹242.50
|
₹243.50
|
-0.47%
|
This announcement reflects Mayank Cattle Food Limited’s commitment to supporting India’s agricultural ecosystem through a robust supply chain and premium-quality cattle feed solutions.
