Bikaji Foods share price hits upper circuit for 5th consecutive session

Bikaji Share Price: Shares of Bikaji Foods International Limited, NSE: BIKAJI, on Friday, December 30, were locked in the 5 per cent upper circuit for the fifth straight session. The counter opened at Rs 446.80, up 5 per cent from previous close of Rs 425.55. The stock has gained more than 25 per cent in the past trading five sessions.

Bikaji Foods shares made their market debut in November and have gained about 36 per cent since listing.

Earlier this month, Bikaji announced the acquisition of Hanuman Agrofood Private Limited. On December 6, the company's board authorised officials to take necessary steps for availing the exercise of ‘right of conversion’ of 28,13,050 compulsorily convertible cumulative preference shares into 28,13,050 equity shares held by the Company in its name in Hanuman Agrofood Private Limited.

Bikaji Foods IPO

Bikaji Foods shares made stock market debut on November 16. The Rs 881.22 crore IPO of Bikaji Foods was subscribed 26.67 times. The company had fixed the IPO price band of Rs 285-300 a share.

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Bikaji is the largest manufacturer of 'Bikaneri bhujia' with an annual production of 29,380 tonnes and is a leading maker of packaged 'rasgulla', 'soan papdi' and 'gulab jamun'.

Bikaji Foods Share Price History

Bikaji Foods has delivered a positive return of around 6 per cent in the last one months. At current levels, the stock has a market cap of Rs 10.96 thousand crore.

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