Bikaji Foods International Ltd (NSE: BIKAJI): Shares of Bikaji Foods International, a huge manufacturer of packaged food products which has provided a huge return to its investors over the final quarter.
Bikaji Foods International’s share has risen over 51 percent in the last three months and reached a peak in August. Many analysts are taking a positive view regarding this company.
Experts believe this chart structure indicates that the bull run will not be over in a hurry.
51 Percent Return in 3 Months
Analysts have given a “buy” rating to Bikaji Foods International’s share. It has set the price range of Rs 835 to Rs 840 over the next two or three weeks.
The share of the company reached a record of 815 rupees on August 8, 2024. The share of the company’s packaged food maker went from 518 rupees at the end of May to Rs 786 on August 7, 2024.
It showed a growth of over 51 percent in only three months. The stock began to move in a range after a record high of 700 in June 2024.
The Investment Broker gave This Price Target
A technical and derivative research analyst of a major brokerage firm in India has stated that over the last five months, the stock has been moving towards higher lower levels.
The flag and pole pattern breakout of the weekly frame indicates that support is solid with a solid base development.
The market is focusing on the consumption aspect and the company is growing quickly in the Indian market for salty snacks.
Buyers can purchase the next two to three weeks for a price of around Rs 830 to around Rs 840. The limit of loss is estimated to be around 795 rupees.
This Morning’s Trading Was Like This
On Friday, Bikaji Foods International Ltd’s stock rose by 2.09 percent. After that, the stock ended at 816 rupees.
Bikaji Foods International Ltd Stock Performance
| Current Price | ₹ 816 |
| 52-wk High | ₹ 879 |
| 52-wk Low | ₹ 450 |
| 5 Days Return | 15.49% |
| 1 Month Return | 16.21% |
Key Fundamentals Parameters
| Market Cap | ₹ 20,417 Cr. |
| Stock P/E | 71.1 |
| Book Value | ₹ 49.0 |
| Dividend | 0.12 % |
| ROCE | 29.6 % |
| ROE | 24.7 % |
| Face Value | ₹ 1.00 |
| P/B Value | 16.7 |
| OPM | 17.6 % |
| EPS | ₹ 11.5 |
| Debt | ₹ 139 Cr. |
| Debt to Equity | 0.11 |
Bikaji Foods International Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 1,075 Cr |
| 2021 | ₹ 1,308 Cr |
| 2022 | ₹ 1,599 Cr |
| 2023 | ₹ 1,944 Cr |
| 2024 | ₹ 2,379 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 55 Cr |
| 2021 | ₹ 90 Cr |
| 2022 | ₹ 80 Cr |
| 2023 | ₹ 128 Cr |
| 2024 | ₹ 287 Cr |
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