Global investment agency Goldman Sachs Fund has bought stake in newly listed Indian company Bikaji Foods International Limited. As per the information available on the website of NSE, Goldman Sachs Fund has bought 17,45,354 shares of Bikaji Foods by making payment. 324.50 each. This means, the Goldman Sachs fund has invested 56,63,67,373 in this newly listed stock. The global investment agency bought these shares through a bulk deal executed on November 16, 2022 i.e. Bikaji Foods share listing date.
This stock market news Bikaji Foods stock has fared well amid the bulls of the market. On the second day of listing, Bikaji Foods share price continues to climb after paying a good listing premium in Wednesday’s session Bikaji Foods share price today opened on the upside and touched an intraday high. Rs 334.70 on the NSE, a rise of over 11 per cent from its IPO price from 285 300 per equity share.
on Wednesday, Bikaji Foods Share listed on 321.15 on BSE and on 322.80 per share on the NSE, providing over 7 per cent listing premium to the allottees. However, Bikaji Foods shares closed at Rs. 317.45 level on the NSE after reaching the day’s highest level of listing. 334.70. Bikaji Foods share price touched its intraday high in morning deals on Thursday 334.70 each. Hence, the stock is yet to cross its listing day high 334.70 level.
Bikaji Foods share price outlook
Expecting further upside in Bikaji Foods shares, Anuj Gupta, Vice President – Research, IIFL Securities said, “The stock is looking strong and FIIs and DIIs are showing interest in the stock which is pushing Bikaji Foods shares above its listing price. Can help to keep around.Those who can hold this IPO applicable stock with trailing stop loss for listing gains 310 whereas new investors can buy scrips at CMP while maintaining stop loss 298. Bikaji Foods share price is expected to go up 280 level each in the near future.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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