Nov 25, 2022
Last updated on Nov 25, 2022 in Stock Market
Bikaji Foods Share Price Target 2023, 2024, 2025, 2030 Is Bikaji Foods International Ltd Company a good stock for long-term investment? Is it the right time to make new purchases in the company's stock? Friends, if you are also looking for answers to all these questions on Google, then you are reading the right article.
The stock of Bikaji Foods International Limited company was launched on 16 November 2022 in our Indian stock market. The company works in the FMGC sector and is the third-largest company in India in terms of manufacturing snacks. The brand ambassador of the company is megastar Amitabh Bachchan.
Bikaji Foods International Ltd. is one of the largest companies in the fast-moving consumer goods (FMCG) sector of India. Apart from India, it has become a well-known brand in foreign countries. The main business of the company is to make Indian snacks and sweets. And the company's founder is Shiv Ratan Agarwal, who is the grandson of Gangabishan Agarwal, who established the Haldiram Company.
Bikaji was started in 1986 with the name of Shivdeep Food Products, which was changed to Bikaji in 1993, with the aim of taking the taste of original Indian snacks to the country and abroad. The company started exporting its products to countries like America and Australia in the early years, the company appointed Amitabh Bachchan as its brand ambassador in 2019.
This company provides 6 Category Products. Bhujia, Snake's, Papad, Package Sweets along with Western Snacks and Indian Snacks Company provide. Above 300 are being sold under Bikaji Brand. It is now on 15 November 2022. This share has been listed.
If we take Bhujia only, then there is a production of 29, 390 tonnes. Along with this, the company is also number two in the production of Hand Made Papad, which does a business of 9000 tonnes in a year. The company's hold is strong in the states of Rajasthan, Bihar, and Assam.
If we talk about Bikaji Foods' share price Target for 2024, then its target comes out to be 590 and if we talk about other targets, then it can go up to about 600.
Bikaji Foods Products are sold in more than 23 states across the country. Right now the company has started sending 23 cents more locations outside India than in India, including North America, Europe, the Netherlands, the Middle East, Africa, and Asia Pacific.
If we talk about Bikaji Foods' share price Target for 2025, then its target comes out to be 758 and if we talk about other targets, then it can go up to about 775.
At present, the company earns around 3% from countries outside India but going forward, there can be a lot of increase in it. The company has 6 manufacturing units of which 4 facilities are located in Bikaner, Rajasthan, one in Assam, and one in Karnataka.
If we talk about Bikaji Foods' share price Target for 2030, then its first target comes out to be 3900 and 4200, if we talk about the second target, then it can go up to approx.
The brand value of the company already exists. Their brands are present all over India. Diversity Product Range. Manufacturing units are present at Statergical Locations, so it is easy for them to Upskill. Their distribution network is tremendous in India and at the same time, it seems to be growing rapidly in foreign countries as well. Have partnered with many companies. The E-commerce channel is also witnessing rapid growth. There are cells of multi-product export. The company has done Asset Growth for the last few years. The growing rate of the company is looking very good. Fundamentally Company is very good. You can invest in it for the long term
Note: If you want to invest in this, then consult your financial advisor and then think about it.