GRM overseas stock: Bollywood and business have always been associated. Bollywood superstars promote the products of most companies in India. Salman Khan has now joined one such company. As soon as Salman Khan joined, the company shared rockets and its shares saw an increase of 8 percent in a day.
What is this company
On Monday, March 10, when the stock market was struggling with a decline, a small stock GRM overseas surprised everyone. The shares of this company saw an increase of more than 8 percent. The reason behind this speed is being given, it is the association of Bollywood superstar Salman Khan with it.
Salman Khan was made brand ambassador
GRM overseas, which is a big name in basmati rice and other FMCG products, is now going to enter the flour market. The company has made Salman Khan a brand ambassador for its new 10x Classic Chakki Fresh ATTA campaign. Talking to The Mint, Atul Garg, managing director of GRM Overseas, said that we are happy that we are starting such a big campaign for 10x Classic Chakki Fresh Atta and Salman Khan has become our brand ambassador.
Flour market is growing rapidly
Demand for packaged flour in India is steadily increasing. According to industry reports, this market can reach $ 197 billion by 2030, ie 16 percent annual growth. Three major reasons are being given behind this, the growing population in the first cities, the growing ability to spend the second middle class and the third health and convenience about the increasing awareness.
How was the share performance in the stock market
GRM Overseas shares reached Rs 269.90 on Monday, that is, it rose by 8.11 per cent in a day. However, it also saw a slight decline by the market and the stock closed at Rs 257.50 with a gain of 3.14 per cent. This stock has given a strong return of 2467 percent in the last 5 years.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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