HighPositive
Announced Mon, 20 Jul · 16:01 IST
Mrs Bectors Food shares surge 25% in 3 days after Sunil Singhania's Abakkus picks up stake
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Abakkus Investment Managers, founded by Sunil Singhania, acquired nearly 30 lakh shares (about 0.96% equity) of Mrs Bectors Food at an average price of Rs 168.97 per share on July 15 via a block deal. Following the purchase, the stock surged around 25% over three trading sessions, climbing to about Rs 211 on the NSE. The company, with a market capitalisation of nearly Rs 6,382 crore, had reported an 8.4% year-on-year rise in consolidated revenue to Rs 496 crore and a 3.3% rise in net profit to Rs 35 crore in the March 2026 quarter.