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Mrs Bectors Food: What should investors do, post the bumper listing?

Investors with a long-term view should track the quarterly numbers of Mrs Bectors Food and see whether growth is gradually coming back

December 28, 2020 / 12:28 PM IST
Mrs Bectors Food: What should investors do, post the bumper listing?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

With heightened investor appetite for quality consumption stories and flush liquidity, Mrs Bectors Food Specialities (Bectors) (CMP: Rs 596; Market capitalization; Rs 3,499 crore) saw the highest over-subscription in recent times. While Bectors had to raise Rs 540 crore, it was over-subscribed 198 times, generating bids of more than Rs 40,000 crore. As expected, the listing saw a stellar debut at the bourses. Compared to the issue price of Rs 288, Bectors saw a listing-day high of Rs 600...

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