New Delhi, Nov. 4 -- Multibagger FMCG stock Krishival Foods rose nearly 1 per cent higher to Rs.499.90 apiece on Tuesday, inching close to 52-week high price of Rs.508, after the company announced that it has acquired industrial property located at Kolhapur, Maharashtra.

However, the FMCG stock gave up the gains, was trading flat at Rs.494.40 on NSE, at 11:47 am.

In an exchange filing dated November 3, Krishival Foods announced that it has acquired and taken physical possession of an industrial property located at Halkarni Industrial Area, Kolhapur (Maharashtra).

The company further informed that the said property, measuring approximately 8,000 sq. meters of land with 1,770.49 sq. meters of construction, was acquired through a SARFAESI...