Sapphire Foods India hits record high after block deals at premium

Sapphire Foods India

24/09/2024 08:29

** Shares of Sapphire Foods India  SAPI.NS  rise as much as
13.8% to a record high of 401 rupees
    ** More than 800,000 shares traded in block deals in the
price range of 355.10-361.05 rupees/shr - a premium to stock's
last closing price of 352.5 rupees, LSEG data shows
    ** Stock set to gain for a sixth straight session
    ** More than 8.6 mln shares traded, compared to 30-day avg
of 860,000
    ** Avg rating of 19 analysts close to equivalent of "buy";
median PT is 360 rupees - LSEG data
    ** Including session's gains, stock has risen ~34% YTD

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))