Read on the application
Pratap Snacks Share: On the second trading day of the week, shares of packaged food company Pratap Snacks saw a tremendous surge on Tuesday. Shares of this company registered an increase of 8 percent during intra-day trading. During this period the share of Pratap Snacks was Rs. A 52-week high of 1055 was reached. Let us tell you that the stock has increased by almost 30 percent in the last two trading days. On April 10, 2018, the stock traded at Rs. It hit a record high of 1458.70.
What is the reason for the rise?
Pratap after GDN Investment Sun’s block deal Breakfast There has been a rise in the shares of On November 20, GDN Investments Pvt Ltd listed on NSE through a block deal at Rs. 948.87 bought 250,000 shares representing 1.05 per cent equity in Pratap Snacks in two tranches of 1,25,000 shares.
Also Read- The company received crores of rupees of work, investors were quick to buy the shares, the stock reached ₹78
The data shows that Rajeshbhai Mansukbhai Savani sold 273,254 shares of the company at a price of Rs 970.69 per share. 1.61 million shares representing 6.8 percent of Pratap Snacks’ total equity were exchanged on NSE on Monday, according to exchange data. Information about names of other buyers and sellers could not be found.
About the company
Pratap Snacks is a leading Indian snack food company. It has witnessed multiple product ranges under the popular and vibrant Yellow Diamond and Oudh brands in the categories of Potato Chips, Extruded Snacks, Namkeen (Traditional Indian Snacks). It has launched various recently Cake A range of sweet snacks has also been started.
Also Read- IPO opens from today, price band ₹32, shares at premium in gray market, investment opportunity
The company’s profit after tax (PAT) during the September quarter stood at Rs. 16.5 crore, which in Q2FY23 was Rs. 3.3 crore was increased by 4 times. Similarly, the earnings before interest, tax, depreciation and amortization (Ebitda) margin improved by 8.8 percent to 400 bp YoY and 30 bp QoQ.