At a price of 324.50 each, Goldman Sachs Fund has acquired 17,45,354 shares of Bikaji Foods.
The international investment firm Goldman Sachs Fund has just acquired a share in the recently publicised Indian startup Bikaji Foods International Ltd. According to the data that is shown on the website of the NSE, Goldman Sachs Fund has acquired 17,45,354 shares of Bikaji Foods at a price of 324.50 rupees each. This indicates that the Goldman Sachs Fund has purchased a total of 56,63,67,373 shares of the recently publicised company. The international investment firm purchased these shares in a bulk transaction that took place on November 16, 2022, which was the same day that Bikaji Foods shares were first listed on the market.
The bulls on the market have responded positively to the recent stock market news on Bikaji Foods. After delivering a decent listing premium on Wednesday session, Bikaji Foods share price today opened upside and went on to hit intraday high of 334.70 apiece on NSE, soaring over 11 percent from its IPO price of 285 to 300 per equity share. Bikaji Foods share price today opened upside and went on to hit intraday high of 334.70 apiece on NSE.
On Wednesday, the shares of Bikaji Foods were listed on the BSE at a price of 321.15 each and on the NSE at a price of 322.80 a share, giving a listing premium to the allottees that was more than 7%. On the other hand, the Bikaji Foods share price reached a high of 334.70 rupees on its listing day before settling at 317.45 rupees on the NSE. The price of a single share of Bikaji Foods reached an all-time high of 334.70 yen during the early morning trading on Thursday. Therefore, the share price has not yet surpassed the peak of its listing day, which was 334.70 levels.
Prospects for the share price of Bikaji Foods
Anuj Gupta, Vice President of Research at IIFL Securities, stated that he anticipates further appreciation in the value of Bikaji Foods shares "The stock appears to be in good shape, and both FIIs and DIIs are demonstrating interest in the stock, which may support Bikaji Foods shares in their ability to maintain a price level close to their listing price. Those who participated in the initial public offering for the purpose of listing gain may continue to hold the stock with a trailing stop loss set at 310, while new investors can acquire the scrip at CMP while keeping a stop loss set at 298. It is anticipated that the price of a single share of Bikaji Foods would rise to 280 yen in the very near future."
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