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Short Call: Street tries to work out combinations of poll results, Indigo, Bikaji Foods in focus

Short Call: Street tries to work out combinations of poll results, Indigo, Bikaji Foods in focus
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Bikaji Foods International shares jump over 9% on robust Q4 results

Bikaji Foods International s shares surged 9.3% to Rs 583.9 following a 200% jump in net profit to Rs 116.3 crore. The stock has an average target price of Rs 627, indicating a 12% upside potential.

Is Haldiram s really worth $10 billion?

On September 6, reports suggested that Tata Consumer Products was in talks to buy a 51 percent stake in Haldiram’s but was not comfortable with the $10 billion valuation that Haldiram’s had sought. Both companies have since denied being in talks.

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