Shares of Bikaji Foods International Ltd., rose over 3% on Thursday, after the company announced a joint venture cum shareholders' agreement with Nepal's Chaudhary Group. The partnership to focus on manufacturing, trading and marketing Bikaji's portfolio categories—bhujia, namkeen, papad, packaged sweets and snacks in Nepal.
As per the terms of agreement, the joint venture company will be equally owned by BFIL and CG Foods—50:50, as per company.
"Both parties will infuse capital in one or more tranches to build a state-of-the-art facility in Nepal to ensure that the consumers get to experience premium and authentic ethnic snacks and sweets with minimal turnaround time," it added.
On Wednesday, the company consolidated net profit rose 2.8% during the quarter ended June 30 of fiscal 2026. The FMCG firm posted a bottom line of Rs 59.9 crore in the first quarter, compared to Rs 58.3 crore in the same period last year.
Bikaji Share Price
Shares of Bikaji rose as much as 3.30% to Rs 814.65 apiece. They pared gains to trade 1.03% higher at Rs 796.75 apiece, as of 12:38 p.m. This compares to a 0.56% decline in the NSE Nifty 50.
The stock has risen 9.91% in the last 12 months and 2.10% year-to-date. Total traded volume so far in the day stood at 0.88 times its 30-day average. The relative strength index was at 74.46.
Seven analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 2.8%.
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