{"id":80392,"date":"2022-12-30T12:40:00","date_gmt":"2022-12-30T07:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=80392"},"modified":"2022-12-30T13:13:15","modified_gmt":"2022-12-30T07:43:15","slug":"fmcg-stock-jumps-25-in-5-days-to-reach-a-new-high-heres-why","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-25-in-5-days-to-reach-a-new-high-heres-why\/","title":{"rendered":"FMCG stock jumps 25% in 5 days to reach a new high; Here\u2019s why!"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2344286890\"><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>The shares of Bikaji Foods International escalated 25% in the past five days from \u20b9 365.45 apiece to \u20b9 466.80 to reach a new high on Friday\u2019s early trades. Its shares hit the 5% upper circuit for five days in a row.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3083955806\"><!-- 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>Bikaji Foods is one of India\u2019s largest fast-moving consumer goods (&#8220;FMCG&#8221;) brands. Its product range includes six principal categories: bhujia, namkeen, packaged sweets, papad and western snacks. In addition, it has other snacks which primarily include gift packs, frozen food, mathri and cookies.&nbsp;<\/p><p>The FMCG player debuted on the stock exchange on November 16, 2022, at a premium of 7.6% of the National Stock Exchange (NSE). It got listed at a price of \u20b9 322.80 against the issue price of \u20b9 300 per share. Since their listing, the shares gained 44.60%.&nbsp;<\/p><p>On December 06, 2022, the company announced the acquisition of Hanuman Agrofood Private Limited. Its board authorized officials to take necessary steps for availing the exercise of the \u2018right of conversion\u2019 of 28,13,050 compulsorily convertible cumulative preference shares into 28,13,050 equity shares held by the company in its name in the acquired company. This acquisition will help it leverage business opportunities in line with its plans.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1625357891\"><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 snacks maker, in its recent investor presentation, said that the company\u2019s revenue was up 31.8% and its net profit was up 43.5% in the September quarter (Q2FY23) as against the same quarter last year. Further, its EBITDA (earnings before interest, taxes, depreciation and amortization) was up 40.59% during the same period.&nbsp;<\/p><p>The company said that it has started servicing canteen store departments with a continued focus on strengthening its distribution network across India. It witnessed softening of raw material and packaging material prices in the September quarter over the previous quarter, resulting in an improvement in its gross margin by 3.07 bps quarter-on-quarter (QoQ) to 27.4%.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3507929042\"><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>The shares of Bikaji Foods International escalated 25% in the past five days from \u20b9 365.45 apiece to \u20b9 466.80 to reach a new high on Friday\u2019s early trades. Its shares hit the 5% upper circuit for five days in a row.&nbsp; Bikaji Foods is one of India\u2019s largest fast-moving consumer goods (&#8220;FMCG&#8221;) brands. Its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13277,"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":[4865,31],"tags":[],"class_list":["post-80392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"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 jumps 25% in 5 days to reach a new high; Here\u2019s why! - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-25-in-5-days-to-reach-a-new-high-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FMCG stock jumps 25% in 5 days to reach a new high; Here\u2019s why!\" \/>\n<meta property=\"og:description\" content=\"The shares of Bikaji Foods International escalated 25% in the past five days from \u20b9 365.45 apiece to \u20b9 466.80 to reach a new high on Friday\u2019s early trades. 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