GRM Overseas is currently trading at Rs. 148.70, up by 6.50 points or 4.57% from its previous closing of Rs. 142.20 on the BSE.

The scrip opened at Rs. 140.30 and has touched a high and low of Rs. 157.35 and Rs. 140.30 respectively. So far 54063 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 231.35 on 08-Sep-2023 and a 52 week low of Rs. 114.15 on 13-Mar-2024.

Last one week high and low of the scrip stood at Rs. 157.35 and Rs. 135.70 respectively. The current market cap of the company is Rs. 895.20 crore.

The promoters holding in the company stood at 72.16%, while Institutions and Non-Institutions held 0.26% and 27.58% respectively.

GRM Overseas (GRM) has received its first order from the Ministry of Agricultural, Fisheries Wealth & Water Resources, Sultanate of Oman, to supply 4,500 MT of Premium basmati rice. The order is worth Rs 46.5 crore. The government entities in MENA region opens a significant target market for GRM Overseas with around total size of 7,00,000 MT plus import of Basmati Rice. 

MENA region is the largest importer of Basmati Rice, having a lion’s share around 78% of the total exports from India in FY23, while Europe contributes 6.9% and USA plus Canada contribute 6.6% (FY23). GRM Overseas has positioned itself strategically, as 95% of its export business is to the MENA region and has established itself as among the top 5 Basmati Rice exporters in MENA region.

GRM Overseas is presently engaged in the business of processing and sale of rice.