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Unexplored local snacks and why we need them in our pantry
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NEW DELHI: Nifty touched its all-time high on Wednesday forming a Hanging man pattern on the daily chart. Amit Trivedi of Yes Securities says that the appearance of such a pattern at current levels could attract some profit taking. However, follow-up action needs to be closely watched.
According to Ashis Biswas, Head of Technical, CapitalVia Global Research, the market s short-term technical condition shows an upward shift in the prevailing market range, and it is likely to range between 13,550 and 13,780. Indian market is effortlessly rallying to record highs on a daily basis, tracking firm global markets. Increasing prospects of the US stimulus measures, hopes of an effective vaccine and a conclusive Fed meeting to announce a positive policy are lifting market sentiments across the globe. In the domestic market, all sectors witnessed good momentum with realty leading the rally in hopes of a revival in demand, said Vinod Nair, Head of Research at Geojit Financial Services.
Mrs Bectors Food Specialities IPO Day 2: Issue Subscribed 4 2 Times, Retail Portion Booked 8 Times moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
The IPO by Mrs Bectors Food Specialities is set to hit the capital market on Tuesday. Most of the brokerages have given a ‘subscribe’ call to the Rs 541 crore public offer. The IPO will be sold in the Rs 286-288 price band and would comprise an offer for sale (OFS) of Rs 500 crore and a fresh issue of Rs 40.5 crore. Investors can bid for a minimum of 50 equity shares and thereafter in multiples of 50 equity shares.
Analysts said the company s financials have improved; net debt has declined and free cash flows have turned positive. The fact that the demand outlook for the biscuit and buns maker looks decent and the IPO is priced at a steep discount to listed peers leaves enough on the table, they said.
Mrs. Bectors Food Specialities Ltd - IPO Note - Angel Broking
Posted On: 2020-12-15 02:07:56 (Time Zone: Arizona, USA)
Mrs. Bector Food Specialities are one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India. Company manufacture and market a range of the biscuits such as cookies, creams, crackers, digestives and glucose under our flagship brand Mrs. Bector s Cremica . Company also manufacture and market bakery products in savoury and sweet categories which include breads, buns, pizza bases and cakes under their brand English Oven .
Positives: (1) One of the leading brands in biscuits and bakery businesses in the North India (2) Leading exporter of biscuits (3) Established presence in retail and institutional bakery business (4) Modern and automated production processes with a focus on quality control (5) Wide spread and established sales and distribution network.