On Tuesday, November 21, 2023, i.e. today, the shares of Prataap Snacks reportedly recorded a 52-week high in intra-day trade on the National Stock Exchange. In Tuesday’s intra-day trade, the share of Prataap Snacks was trading at Rs 1055, a 52-week high price of share. If we talk about the past two trading sessions of Prataap Snacks shares, the shares of packaged foods reportedly surged 30 percent. You must be wondering how the packaged foods zoomed 30 percent in the past two trading sessions. If yes, you are asked to stick with this page and go through this article till the end. To know more about Prataap Snacks shares keep reading this article. Scroll down the page.
As mentioned, the shares of Prataap Snacks have gained 30 percent, thanks to GDN Investment which bought a 1 percent stake in the packaged foods company through open market deals. Yes, you heard it right, GDN Investment’s son acquired a 1 percent stake in the company on Monday, November 20, 2023. Reportedly, GDN Investments Private Limited bought a total of 250,000 shares or 1.05 percent equity of Prataap Snacks in two tranches of 125,000 shares. Through bulk deals on the National Stock Exchange, GDN Investments Private Limited purchased 250,000 shares of Prataap Snacks at a price of Rs 948.87 per share. Swipe down the page and read more details.
Data shows Rajeshbhai Mansukhbhai Savani sold a total of 273,254 shares of Prataap Snacks at a price of Rs 970.69 per share. Therefore, on Monday, November 20, 2023, 6.8 percent equity shares of Prataap Snacks changed hands on the National Stock Exchange. Immediately, the names of the other sellers and buyers were not revealed. On Tuesday, the company’s stock was trading 2 percent higher at Rs 997.85 at 9:44 am while it was trading 0.44 percent surge in the Nifty 50. Swipe down the page and read more details.
Talking about the company’s shares’ all-time high price, the shares touched Rs 1458.70 on April 10, 2018. As mentioned, the company hit a 52-week high on November 21, 2023, and the company’s stock hit Rs 1010 a year ago on November 22, 2022. Prataap Snacks is a leading firm among Indian snack food Companies. The brand offers multiple variants of products across categories of Extruded Snacks, Potato Chips, and Namkeen under the popular and vibrant Yellow Diamond and Avadh brands. Recently, the company launched a range of sweet snacks with different varieties of cakes. Prataap Snacks had reported a resilient performance in the second quarter of the current fiscal year.