Mrs Bectors Food soars 11% after Sunil Singhania's Abakkus acquires 29.4 lakh shares via block deal

Abakkus Investment Managers, founded by Sunil Singhania, purchased 29.4 lakh shares (about 0.96% equity) of Mrs Bectors Food Specialities at Rs 168.97 per share via a block deal on July 15, sparking fresh buying interest. The stock surged 11% on the news, though it remains down around 42% over the past year and trades below all eight key simple moving averages. Analysts maintain a 'Strong Buy' consensus from 11 analysts with a target price implying about 35% upside from current levels.