As I said just before that first objective or first target of the company is to consistently deliver this 14% over next few quarters and then obviously we will make a journey from 14% to 15%. But yes, the first target is to consistently deliver around 14% of EBITDA.

We will drive our revenue up in high teens in coming quarters: Manu Talwar, Mrs Bectors Food

Mrs Bectors Food Specialties on the weekly chart has decisively broken out above the ‘horizontal resistance’ above Rs 460 level.

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Bharti Airtel, CAMS, Hero MotoCorp, Adani Ports, Adani Green Energy, Ambuja Cements, NDTV, Tata Steel, UltraTech Cement, Dhampur Sugar, Kirloskar Ferrous, Aditya Birla Fashion and Retail, Barbeque Nation, Bayer Cropscience, Bharat Dynamatics, Mrs Bectors Foods, IRB InvIT, ITDC, JM FInancial, Kalyan…

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IDBI Bank has already given more than 50 per cent return on the weekly chart since July 2022. It is holding on to its support level of Rs 45-47 apiece

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Due to a strong upside on November 23, 2022, Mrs Bectors stock has climbed by a whopping nearly 77% compared to its 52-week low of ₹245 apiece which was recorded on June 20 this year. So far in 2022, the stock has jumped by at least 12.25%.

This smallcap stock hits fresh 52-week high. Should you buy more?

Suzlon Energy Ltd, Triveni Turbine Ltd, Jai Corp Ltd and Mrs Bectors Food Specialities Ltd are among the other gainers in the BSE’s ‘A’ group today, 05 September 2022.

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Buzzing stocks: BSE, Happiest Minds, HeidelbergCement, Piramal Enterprises, BoB, Om Infra, Shilpa Medicare, PTC Industries, Maharashtra Seamless, Mrs Bectors Food, Orchid Pharma, KNR Constructions, Jagsonpal Pharma

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Mrs. Bectors Food Specialities rose 1.12% to Rs 303.75 after the company said that a new production line of biscuits at Rajpura has started its commercial production with an installed capacity of 12,000 tons per annum.

Mrs Bectors Food gains as new production line commences

It has an installed capacity of 12,000 Tons per annum effective from July 15, 2022.

Mrs Bectors commences commercial production at Rajpura; stock climbs ~2%

Speaking to ET Now, Anoop Bector, Managing Director, Mrs Bectors Food Specialities says there has been continuous inflation, so they have had to increase prices. There is always a lag in the industry, taking 3 months to cover up input cost pressures. However, he believes they are better placed this year and will see better EBITDA margins come in. The company is focusing heavily on distribution, adding a lot of people on the ground. He also plans to add 50,000 outlets in the coming year. Future plans for the QSR business appear promising, and volumes should increase, he adds. He says the focus will be on biscuits as a value and volume provider. Watch the full interview to know more only on ET NOW.
#ETNow #AnoopBector

Biscuits To Get Expensive? | Anoop Bector, Mrs Bectors Food Specialties | ET Now

Meanwhile, SBI Mutual Fund picked up over 3.3 million shares of Mrs Bectors

Two entities sell shares worth Rs 284 cr of Mrs Bectors Food Specialities

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Mrs. Bector's Food Specialties Ltd. is a manufacturer and exporter of biscuits, confectionaries, jams, sauces, and ketchups. The Company’s product range include  Indian snacks, ready to eat food, condiments, frozen products, and bakery products. 