Bikaji Foods International zooms on incorporating wholly-owned subsidiary in USA
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Bikaji Foods International is currently trading at Rs. 416.55, up by 9.55 points or 2.35% from its previous closing of Rs. 407.00 on the BSE.
The scrip opened at Rs. 407.00 and has touched a high and low of Rs. 419.00 and Rs. 407.00 respectively. So far 33773 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 447.00 on 25-Jan-2023 and a 52 week low of Rs. 303.05 on 18-Nov-2022.
Last one week high and low of the scrip stood at Rs. 419.95 and Rs. 404.20 respectively. The current market cap of the company is Rs. 10332.20 crore.
The promoters holding in the company stood at 75.37%, while Institutions and Non-Institutions held 17.89% and 6.75% respectively.
Bikaji Foods International (BFIL) has incorporated a new wholly-owned subsidiary (WOS) in State of New Jersey, USA in the name of Bikaji Foods International USA Corp (Bikaji USA) on July 10, 2023.
The company has incorporated WOS for better expansion of business and to further strengthen the distribution network of the company in USA Territory. The business of the Bikaji USA is in line with the main line of business of the BFIL.
Bikaji Foods International is the largest manufacturer of Bikaneri bhujia, packaged rasgulla, soan papdi and gulab jamun.
