HighPositive
Announced Tue, 21 Jul · 11:04 IST
Mrs Bectors Food shares surge 30% in 4 days after Sunil Singhania's Abakkus acquires 1% stake. Do you own?
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Mrs Bectors Food shares surged about 30 percent in four days after Sunil Singhania's Abakkus Investment Managers acquired around 0.96 percent equity stake (nearly 30 lakh shares) at an average price of Rs 168.97 apiece on July 15. The stock hit a five-month high of Rs 219.61 and the company has a market capitalisation of about Rs 6,585 crore. Promoters hold over 49 percent, while 19 mutual funds hold 24 percent and over 1 lakh retail investors own around 12 percent as of June quarter.