Profitmart is bullish on Megastar Foods has recommended buy rating on the stock with a target price of Rs 475 in its research report dated December 08, 2023.
"The proceeds of the preferential issue will be utilised for prepayment of borrowings of the company, meeting future funding requirements, working capital and other general corporate purposes of the company," the filing said.
The Board of Directors of Megastar Foods Limited, at its meeting held today have approved the financial results of the company for the period ended March 31, 2023 - Q4FY23 and FY2023.
Megastar Foods Ltd receives award equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.