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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Mrs Bectors Food shares surge 25% in 3 days after Sunil Singhania's Abakkus picks up stake

Mrs Bectors Food Specialities NSE

Shares of Mrs Bectors Food Specialities rallied another 12% on Monday, extending their three-day gain to over 25% after veteran investor Sunil Singhania's Abakkus Investment Managers acquired nearly a 1% stake in the company through a bulk deal.

The stock had jumped 14% on Thursday following the transaction. It rose another 7% to an intraday high on Friday before succumbing to profit booking and closing in the red. On Monday, the stock rebounded, trading at Rs 211.83 apiece on the NSE.

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