Synopsis
Shares of Mrs Bectors Food jumped sharply on Thursday after Sunil Singhania-led Abakkus Investment Managers acquired 29.4 lakh shares in a block deal. The purchase boosted investor sentiment despite the stock’s recent underperformance, while analysts continue to maintain a “strong buy” rating, expecting an upside of around 35% from current levels.
ETMarkets.comThe shares were acquired at an average price of Rs 168.97 each.Actions of Mrs. Bectors’ culinary specialties jumped 10.53% to Rs 187.30 during Thursday’s trading session after an ace investor Sunil Singhaniathe investment company of, Abakkus Investment Managers Pvt. Ltd., acquired a significant stake in the company through a bundle offer.
According to exchange data, Abakkus Investment Managers Pvt. Ltd. purchased 29,39,588 shares of Mrs Bectors Food on July 15, representing approximately 0.96% of the company’s stock. The shares were acquired at an average price of Rs 168.97 apiece, slightly lower than the previous day’s BSE closing price of Rs 169.45.
This bulk purchase sparked new buyer interest in the stock, which has been under pressure in recent months. Over the past three months, Mrs Bectors Food shares have fallen about 15%, while the stock has fallen nearly 42% over the past year, significantly underperforming the broader market.
At current market price, the company has a market capitalization of Rs 5,202 crore. The stock touched a 52-week high of Rs 318.18 and a 52-week low of Rs 164.95, indicating a sharp correction from its high.
From a valuation perspective, Mrs Bectors Food trades at a price-to-earnings (P/E) ratio of 36.45, a price-to-sales (P/S) ratio of 2.69, and a price-to-book (P/B) ratio of 4.04.
Technical indicators continue to suggest caution. The stock’s 14-day relative strength index (RSI) stands at 39, indicating that it is approaching the oversold zone, although it remains above the 30 mark generally considered oversold. Additionally, the stock is trading below its eight key simple moving averages (SMAs), reflecting a dominant downtrend.
Despite the recent weakness, analysts remain optimistic about the company’s prospects. According to Trendlyne data, the consensus price target implies approximately 35% upside potential from current levels. The stock also enjoys a “Strong Buy” consensus recommendation from 11 analysts, highlighting expectations for a potential recovery in the coming months.
Profit MonitoringMs. Bectors Food Specialties is yet to announce its June quarter 2026 results. In the March 2026 quarter, the company recorded an 8.4% year-on-year rise in its consolidated revenue to Rs 496 crore, while consolidated net profit grew 3.3% year-on-year to Rs 35 crore, indicating steady business growth despite relatively modest profit expansion.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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