On the BSE, over 11.09 lakh shares of the company were traded in the counter so far as compared with average trading volume of 0.21 lakh shares in the past two weeks.

On the BSE, over 5.05 lakh shares of the company had changed hands at the counter till now as compared with average trading volume of 3.77 lakh shares in the past three months.

In the past three months, the stock has gained 24.48% while the benchmark Sensex has added 10.46% during the same period.

On the technical front, the stock's daily RSI (relative strength index) stood at 61.409. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On daily chart, the stock is trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 419.43, 414.79 and 398.66, respectively.

Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is among the fastest growing companies in the Indian organised snacks market.

The company reported 51.6% increase in consolidated net profit to Rs 37.71 crore in Q4 FY23 from Rs 24.87 crore in Q4 FY22. Net sales improved by 15.6% YoY to Rs 461.69 crore during the quarter.