Mrs. Bectors Food stock hits lowest level since listing amid profit booking

Post listing, institutional investors led by foreign portfolio investors, financial institutions and banks have cut their stake by 4.06 percentage points to 10.46 per cent, data shows

Shares of Mrs. Bectors Food Specialities were down 1 per cent to Rs 430.50, its lowest level since listing on the BSE in the intra-day trade on Wednesday.

Mrs. Bectors Food Specialities made a strong stock market debut on December 24, with stock of the biscuit and bread manufacturer listing at Rs 501, a 74 per cent premium against its issue price of Rs 288 per share on the BSE on Thursday. Post listing, it zoomed 119 per cent against its issue price in the next couple of days.

However, with today's fall, the stock of the packaged foods company has slipped