Mrs. Bectors Food hits an all-time high today; here’s why

Over the past one year shares of the company have given multibagger returns of 200.58%, while in the same time frame, BSE FMCG has given a return of 16.39%.

Mrs. Bectors Food Specialities Ltd which is in the business of FMCG hit an all-time high today at Rs 1,229.95. In the last trading session yesterday, the stock closed at Rs 1,173.75. Today, it opened at Rs 1,178.40 and currently it is trading at Rs 1,186.50, up by 1.09%. The stock is hitting back-to-back 52-week highs from the past few days and today it hit an all-time high at Rs 1,229.95 while its 52-week low stands at Rs 387. The company currently boasts a market capitalization of approximately Rs 6,970 crore.

Over the past six months shares of the company have given a stellar return of 91.24%, in the same time frame BSE Fast Moving Consumer Goods (FMCG) has given a return of 8.46% and over the past one year shares of the company have given multibagger returns of 200.58%, in the same time frame BSE FMCG has given return of 16.39%. The recent upswing in the stock price can be attributed to the market’s eager anticipation of the forthcoming financial results.

This anticipation has been fuelled by the company’s announcement of a scheduled board meeting on November 10, 2023, during which they will review and approve the unaudited financial results for the second quarter and the first half of the fiscal year, ending on September 30, 2023.

Mrs Bectors Food Specialities Limited (MBFSL) is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India. The company manufactures and markets a wide range of biscuits, such as cookies, creams, crackers, digestives, and glucose under the flagship brand ‘Mrs. Bector’s Cremica’. It also manufactures and markets bakery products in the savoury and sweet categories, which include bread, buns, pizza bases, and cakes under the ‘English Oven’ brand. All products are manufactured in-house at the company’s six manufacturing facilities and supplied to retail consumers in 26 states and 3 union territories within India, as well as to reputed institutional customers with a pan-India presence, and to 63 countries across six continents.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions