{"id":105391,"date":"2023-07-19T14:14:09","date_gmt":"2023-07-19T08:44:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105391"},"modified":"2023-07-19T14:14:11","modified_gmt":"2023-07-19T08:44:11","slug":"fmcg-stock-hits-all-time-high-after-acquiring-49-stake-in-bhujialalji-private-limited","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-stock-hits-all-time-high-after-acquiring-49-stake-in-bhujialalji-private-limited\/","title":{"rendered":"FMCG stock hits all-time high after acquiring 49% stake in Bhujialalji Private Limited"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4001354074\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small-cap FMCG stock hit an all-time high today after the acquisition of another company involved in the same business. In Wednesday\u2019s trading session, the scrip jumped more than 6 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2123179939\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BIKAJI\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bikaji Foods International Limited<\/a><\/strong> opened their trading session today at Rs 428 and currently trade at Rs 453.75. The scrip witnessed an intra-day high of Rs 468.95, also marked as the company\u2019s all-time high mark, indicating a gain of around 10 percent as compared to the previous closing levels of Rs 426.30 apiece.\u00a0<\/p><p>The stock showed such movements after the company announced the acquisition of a 49 percent stake in \u201cBhujialalji Private Limited\u201d (BPL) today, thereby, becoming an associate company of Bikaji Foods.&nbsp;<\/p><p>The listed FMCG company has bought 9,608 equity shares as well as 396 Compulsorily Convertible Debentures (CCDs) of BPL at a price of Rs 5,100 making it an aggregate consideration of approximately Rs 5.10 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2639620806\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The acquisition is done with the main objective to strengthen the company\u2019s presence in the segment and for future expansion of the company.&nbsp;<\/p><p>Having a walkthrough of the latest financials, the company, on a consolidated basis, has reported an increase from Rs 1,610 crores during FY21-22 to Rs 1,966 crores in FY22-23. Moreover, the after-tax profits moved up from Rs 76 crores to Rs 126 crores keeping the timeframe the same.&nbsp;<\/p><p>The shareholding pattern data, as per the June 2023 quarter, exhibit the Promoters holding a 75.37 percent stake, and the Foreign Institutional Investors (FIIs) holding a 5.46 percent stake in the company.&nbsp;<\/p><p>With a global presence, Bikaji Foods International Limited is a fast-moving consumer goods (FMCG) brand involved in the sale of snacks and sweets. The company\u2019s product range includes categories such as Bhujia, packaged sweets, assorted packs, frozen food, cookies, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1444180071\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small-cap FMCG stock hit an all-time high today after the acquisition of another company involved in the same business. In Wednesday\u2019s trading session, the scrip jumped more than 6 percent.&nbsp; The stocks of Bikaji Foods International Limited opened their trading session today at Rs 428 and currently trade at Rs 453.75. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10081,10080,3629,3908,948,936,10082],"class_list":["post-105391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bikaji-foods-international-latest-news","tag-bikaji-foods-international-share-price","tag-fmcg-stock","tag-fmcg-stock-to-buy","tag-stock-market","tag-stock-market-news","tag-why-is-bikaji-foods-international-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FMCG stock hits all-time high after acquiring 49% stake in Bhujialalji Private Limited - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small-cap FMCG stock hit an all-time high today after the acquisition of another company involved in the same business. 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