India's Prataap Snacks hits 58-month high on bulk deals

Prataap Snacks

21/11/2023 07:44

** Shares of Prataap Snacks  PRAT.NS  rise as much as 7.8%
to 1,055 rupees apiece, highest since January 18, 2019
    ** Snacks maker's stock jumped 20% in the previous session,
which was also the most active session in six years
    ** Tuesday is the second most active session for PRAT since
July 2021
    ** BSE data shows, promoter entities sold 5.4% stake in PRAT
for 1.05 billion rupees ($12.61 million)
    ** Abu Dhabi-based Cohesion Investments' affiliate Cohesion
MK Best Ideas SUB-TRUST and Chartered Finance and Leasi NG
bought the shares at 805.05 rupees apiece
    ** GDN Investments Private bought 125,000 shares at 948.87
rupees apiece, according to National Stock Exchange data
    ** Despite the gains, PRAT up only 8.61% in 2023 so far
    
($1 = 83.2440 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))