Dryfruit and Span Diagnostics open new operation at cashew nuts processing plant in Ahmedabad

Span Diagnostics on Wednesday informed the bourses that its subsidiary Dryfruit Factory LLP has commenced commercial operation at its cashew nuts processing plant in Ahmedabad.

Span Diagnostics was trading flat at Rs 50 per share at 1312 hours IST on BSE. The stock also hit a 52-week low value of Rs 47.45.

The stock has underperformed both BSE Small-cap and BSE Healthcare over a period of one year. The company’s peers include Caplin Point Laboratories and FDC.

Meanwhile, Sensex was up by 0.13% at 31,138, whereas Nifty was trading flat at 9,606.80 at 1312 hours.

Span Divergent Limited, formerly Span Diagnostics Limited, is engaged in manufacturing and trading activity of food and healthcare products, information technology (IT) enabled technologies and gaming products. The company operates through the Diagnostic products segment.

Span Divergent Ltd is currently trading at Rs 50, down by Rs 0 or 0% from its previous closing of Rs 50 on the BSE.

The scrip opened at Rs 47.45 and has touched a high and low of Rs 53.8 and Rs 47.45 respectively. So far 544(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 27.31 crore. The BSE group ‘XD’ stock of face value Rs 10 has touched a 52 week high of Rs 80 on 24-Jan-2017 and a 52 week low of Rs 49.95 on 13-Jun-2017. Last one week high and low of the scrip stood at Rs 63 and Rs 49.95 respectively. The promoters holding in the company stood at 60.78 % while Institutions and Non-Institutions held 0 % and 39.22 % respectively.

The stock is currently trading below its 200 DMA.