HMA Agro Industries, an Indian food trade company specializing in frozen buffalo meat exports, saw its share price rise by 3.4% on March 6, 2025. The increase follows the company’s agreement with Marya Frozen Agro Food Products to enhance its processing capacity for Halal buffalo meat. Despite this gain, analysts suggest a cautious approach, noting resistance at ₹35 and support at ₹30.
HMA Agro Industries, an India-based food trade company specializing in frozen buffalo meat exports, witnessed a 3.4% increase in its stock price on March 6, 2025. The surge follows the company’s newly signed agreement with Marya Frozen Agro Food Products Pvt Ltd, a meat processing company with a daily processing capacity of 298.00 metric tonnes.
Under the two-year agreement, Marya Frozen will provide services for slaughtering, chilling, processing, freezing, and packaging of Halal boneless buffalo meat. The company will also be responsible for obtaining necessary certifications and securing insurance for the facility. The agreement is set to take effect from March 3, 2025.
Financial Performance & Technical Outlook
HMA Agro Industries reported revenues of ₹14,549.83 million in Q3FY25, slightly down from ₹14,658.63 million in the previous quarter. However, the company’s nine-month revenue for FY25 grew by 6.14% compared to FY24. EBITDA figures declined from ₹1,767.99 million in 9MFY24 to ₹1,454.76 million in 9MFY25.
On the technical front, the stock opened at ₹31.20 on the Bombay Stock Exchange (BSE), reaching an intraday high of ₹32.23 and a low of ₹31.17. Equity analyst Rajesh Bhosale from Angel One noted that while the stock gained alongside broader market trends, its overall trajectory remains bearish. He identified ₹35 as the next resistance level and ₹30 as the support level, advising investors to approach further upmoves with caution.
