India's Bikaji Foods notches record close after govt nod to form unit

Bikaji Foods International

23/09/2024 11:10

** Shares of Bikaji Foods International  BIKA.NS  settle
2.4% up at a record close of 976 rupees
    ** Snacks food maker receives Indian government's approval
to form a unit named Bikaji Foods Retail
    ** Co says unit to pursue new business in areas of quick
service restaurants and food chains, among others
    ** Stock hit record highs in four of five trading sessions,
gaining 15% in the period
    ** BIKA up 79% YTD vs 25.5% rise in Nifty 500 index
 .NIFTY500 

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))