Multibagger in six months: Mrs. Bectors Food Specialities hits an all-time high; here’s why

During Monday’s trading session, the benchmark indices concluded the day with modest decreases, witnessing the Sensex and Nifty closing lower by 0.5% and 0.42%, respectively.

In contrast, to dampen market sentiment, the shares of Mrs. Bectors Food Specialities Limited dazzled the eyes of investors as it traded at an all-time high 52-week high mark of Rs 1,373 apiece on BSE. Furthermore, the scrip witnessed a massive spurt in volume by more than 5.43 times. The company’s current market capitalisation is Rs 7,882.13 crore. This indicates heavy buying among investors.

From a technical standpoint, as of November 13, 2023, the stock’s 200-day moving average (DMA) stood at Rs 847.66, while the 50-DMA was observed at Rs 1,093.66. The current share price on BSE is Rs 1,339. Upon examining the DMA graph, it becomes evident that the stock has demonstrated a consolidated performance over a period. However, with the recent Q2 results, there is an anticipation of a substantial improvement, indicating a potential breakthrough from the previous consistent performance. 

About the company:

Established on September 15, 1995, as Quaker Cremica Foods Private Limited, Mrs. Bectors Food Specialities Ltd specializes in the production of biscuits and bakery items marketed under the brands Mrs. Bector’s Cremica and Mrs. Bector’s English Oven. Originating from Mrs. Rajni Bector’s venture in 1978, initially involved in ice cream, bread, and biscuit manufacturing. Currently promoted by Mr. Anoop Bector, boasting over 25 years of industry expertise, he also serves as the Managing Director of the company.

Several noteworthy triggers in terms of shareholder patterns have emerged. In the September 2023 quarter, promoters increased their holdings marginally from 51.16% to 51.17%. 

Concurrently, Mutual Funds demonstrated a substantial uptick, raising their holdings from 15.94% to 17.83%, and the number of MF schemes invested increased from 9 to 11.

Additionally, Foreign Institutional Investors (FII/FPI) strengthened their position, augmenting their holdings from 7.57% to 9.10% during the same quarter. These shifts in shareholder dynamics signal positive sentiment and confidence in the company’s prospects.

Furthermore, the stock has witnessed significant buying activity as it has given multibagger returns of more than 114% in just 6 months.

Disclaimer: This blog 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.