BIKAJI

s Share Price: Motilal Oswal maintains ‘Buy’ on FMCG stock; check target price

Bikaji Foods Share Price: Brokerage firm Motilal Oswal has maintained its ‘buy’ rating with a target price for snack maker Bikaji Foods International. This comes a few days after the FMCG brand picked up the remaining equity stake in Petunt Food Processors Private Limited. The board of Bikaji Foods has approved its acquisition of the remaining 48.78 per cent equity stake in Petunt Food, making the company a wholly-owned subsidiary. The additional bet, valued at around Rs 8 crore, will consolidate Bikaji’s ownership in Petunt Food, which was previously its subsidiary with a 51.22 per cent stake.