Bikaji Foods International moves up on eyeing acquisition of stake in Ariba Foods
Bikaji Foods International is currently trading at Rs. 865.95, up by 5.90 points or 0.69% from its previous closing of Rs. 860.05 on the BSE.
The scrip opened at Rs. 869.80 and has touched a high and low of Rs. 869.80 and Rs. 837.45 respectively. So far 27227 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 895.95 on 12-Aug-2024 and a 52 week low of Rs. 450.45 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 895.95 and Rs. 736.40 respectively. The current market cap of the company is Rs. 21570.42 crore.
The promoters holding in the company stood at 75.10%, while Institutions and Non-Institutions held 20.84% and 4.06% respectively.
Bikaji Foods International is planning for the acquisition of stake in Ariba Foods, which is engaged in the business of manufacturing and selling of frozen food. A meeting of the Board of Directors of the Company will be held on August 23, 2024, to consider and approve the same.
Bikaji Foods International is the largest manufacturer of Bikaneri bhujia, packaged rasgulla, soan papdi and gulab jamun.
