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Bikaji Foods hits new high, surges 10% for the second straight day

On November 16, Goldman Sachs India Equity Portfolio purchased 1.74 million equity shares of Bikaji Foods at Rs 324.50 per share via open market deals.

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SI Reporter Mumbai
Shares of Bikaji Foods International have rallied 10 per cent for the second straight day, hitting a new high at Rs 379.20 on the National Stock Exchange (NSE) in Thursday’s intra-day trade amid heavy volumes. Bikaji Foods now traded at its highest level since its debut on November 16.

In the past two trading days, the stock of packaged foods company has zoomed 21 per cent, and quoted 27 per cent higher against its issue price of Rs 300 per share. The stock hit a low of Rs 303 on November 18, 2022.

On November 16, Goldman Sachs

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First Published: Nov 24 2022 | 11:24 AM IST

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