Mrs. Bectors Shares Hit Record High After Q1 Profit More Than Doubles

Shares of Mrs. Bectors Food Specialities Ltd. hit a record high on Monday after its profit more than doubled in the first quarter.

Shares of the company jumped 11.30% before paring gains to trade 5.28% higher at 12:49 p.m., compared to a 0.30% gain in the benchmark NSE Nifty 50.

The total traded volume so far in the day stood at 5.7 times its 30-day average. The relative strength index stood at 67.75.

All nine analysts tracking the company maintain a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 5.5%.