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HomeNewsBusinessStocksBuy Tasty Bite Eatables; target Rs 1350: Firstcall Research

Buy Tasty Bite Eatables; target Rs 1350: Firstcall Research

Firstcall Research is bullish on Tasty Bite Eatables and has recommended buy rating on the stock with a target price of Rs 1350 in its research report dated October 7, 2015.

October 08, 2015 / 20:02 IST
     
     
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    Firstcall's reserach report on Tasty Bite EatablesTasty Bite Eatables Limited was incorporated in 1985 and it manufactures and markets shelf stable ready-toserve ethnic food products. It offers a range of food products, including ready-to-eat Indian and Asian entrées, cooking sauces, and meal inspirations, as well as various types of rice. The flavors range from classic restaurant favorites such as a Channa Masala to unique fusion items such as the Tofu Corn Masala. The products require no cooking, have no preservatives, require no refrigeration and as the brand suggests, taste phenomenal! The company markets its products under the ‘Tasty Bite’ brand name in India and internationally. It also develops and manufactures food products for institutional users, such as hotels, quick-service restaurants, catering institutions, and other retail and corporate customers. Tasty Bite Eatables Limited is a subsidiary of Preferred Brands Foods (India) Private Limited.Tasty Bite's manufacturing capabilities cover a range of convenient, shelf-stable and frozen foods. It is a pioneer in introducing retort technology for Indian food in the world. With the use of a uniquely designed multi-layer retort pouch, Tasty Bite products remain fresh for 18 months. During the manufacturing process, food is filled in to these pouches, after which they are sealed and cooked to a finish in a retort oven under high temperature and pressure. The sealing and construction of the pouch ensures that no bacteria or other degrading factors can impact the food – it is sterilized inside the pouch. This process also ensures a high retention of the food's original aroma, texture, nutrients and flavor.Tasty Bite also has a farm that it uses to grow a variety of vegetables that are used in its products. Every Pack of Tasty Bite that is picked up in the market probably begins its long journey at the farm in India. Farm-fresh, handpicked and expertly prepared by the fine chefs, each meal represents the delightful flavors and variety of Indian and Thai cuisines.We recommend ‘BUY’ in this particular scrip with a target price of Rs. 1350.00 for Medium to Long term investment.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Oct 8, 2015 08:02 pm

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