Amira Nature Foods Ltd (ANFI) was Initiated by Jefferies to “Buy”. Jefferies advised their investors in a research report released on Sep 21, 2016.
Amira Nature Foods Ltd closed down -0.03 points or -0.42% at $7.09 with 73,291 shares getting traded on Tuesday. Post opening the session at $7.1, the shares hit an intraday low of $7.09 and an intraday high of $7.1884 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Amira Nature Foods Ltd. (ANFI) is a provider of packaged Indian specialty rice and other related rice based products. The Companys products include snacks ready-to-heat meals organic product offerings wheat barley and legumes. ANFI sells Basmati rice a long-grain variety of rice grown only in certain regions of the Indian sub-continent under the brand name Amira. Amira branded products are sold by retailers such as Bharti Big Bazaar Carrefour Costco easyday Jetro Restaurant Depot Smart & Final Spencers and Tesco. In emerging markets its products are sold by retailers and supermarkets and privately-owned independent stores. The Company operates a fully-automated and integrated processing and milling facility that is strategically located in the vicinity of the key Basmati rice paddy producing regions of northern India. The facility spans a covered area of approximately 310000 square feet with a processing capacity of approximately 24 metric tons of paddy per hour.