Bikaji Foods m-cap crosses Rs 10,000 crore; stock 36% above issue price

At 10:33 am; the stock traded 6.8 per cent higher at Rs 405.35, with a market capitalisation of Rs 10,114 crore, the BSE data shows

Shares of Bikaji Foods International continued their upward movement and surged 8 per cent to hit a new high of Rs 408 in Friday’s intra-day trade. The stock of packaged foods company quoted higher for the fourth straight day as it soared 31 per cent, during the period.

Currently, Bikaji Foods traded 36 per cent higher against its issue price of Rs 300 per share. It had made stock market debut on November 16, 2022.

A sharp rally in the stock price of the company saw market captialisation of Bikaji Foods cross Rs 10,000 crore in Friday's intra-day