Insiders in Heritage Foods ~ up from Rs 300 to Rs 450 levels in a month ! MNC takeover?

Insiders in Heritage Foods ~ up from Rs 300 to Rs 450 levels in a month ! MNC Takeover?

Bulk Deals in Heritage Food a few days ago…….

01/11/12 KOTAK INDIA FOCUS FUND  -193397  at Rs 390.00

01/11/12 ASHISH RAMESHCHANDRA KACHOLIA  +194000 at Rs390.00

31/10/12 KOTAK INDIA FOCUS FUND – 248525 at Rs 385.00

31/10/12 KOTAK INDIA FOCUS FUND  – 84500 at Rs 380.18

I had blogged on this just a fortnight ago on October 22,2012

Heritage Food is flying high at Rs 360+ surging over 130% in 100 days since Director’s wife picked up 50000 shares at @ Rs 155 !

The Price is running away from what Valuation indicates…..and it could only mean one of three…

  • It’s close to being acquired by a MNC like HUL or Nestle ~Company has been actively wooed in the past
  • Non Linear Growth in Earnings going forward ~ How? ~ Check my recent blog post linked above
  • Market Machinations ~ Definitely evident

Check out the BSE Trading Pattern from October 1,2012 below

Interestingly on the trading days highlighted in Bold Green where the Volumes have been abnormally high ,the Delivery % has been quite low except for the two days when the above bulk deals were done !

The Volume on BSE today also was high at 88000 shares with price surging to a record Rs 450 before closing at Rs 444+

HERITAGE FOODS (INDIA) LTD
Period: 01-Oct-2012 to 06-Nov-2012

Date

Open

Rs

High

Rs

Low

Rs

Close

Rs

WAP

Rs

No. of
Shares

% Deli. Qty to Traded Qty

1/10/12

306.95

309.05

298.50

299.55

302.40

10,745

47.42

3/10/12

304.00

313.00

302.00

304.90

307.46

10,650

30.77

4/10/12

303.10

315.80

303.05

305.70

309.43

13,611

39.37

5/10/12

309.90

309.90

295.00

299.10

299.57

5,930

44.86

8/10/12

302.85

308.00

290.00

293.80

300.63

12,080

36.54

9/10/12

295.00

302.00

290.00

293.60

296.75

14,579

52.11

10/10/12

297.00

299.00

283.10

284.75

290.91

6,142

45.60

11/10/12

287.00

303.95

287.00

301.55

297.80

15,244

37.29

12/10/12

301.05

307.85

296.00

300.35

301.75

7,890

36.78

15/10/12

303.70

314.20

300.00

307.35

309.22

19,687

33.05

16/10/12

308.20

310.00

302.00

302.05

306.05

3,371

72.44

17/10/12

306.85

338.45

303.50

326.25

328.27

84,693

18.32

18/10/12

328.00

364.00

320.75

357.50

345.58

79,462

21.60

19/10/12

353.90

372.00

349.00

359.65

364.02

45,824

25.62

22/10/12

360.00

367.00

355.00

357.05

362.41

11,064

43.38

23/10/12

360.50

364.75

352.30

359.50

359.05

8,301

34.19

25/10/12

364.10

378.65

362.45

369.25

370.79

21,224

31.59

26/10/12

368.00

379.10

366.00

372.80

373.92

17,033

46.86

29/10/12

375.00

376.85

347.30

349.30

361.99

9,115

64.63

30/10/12

352.85

394.80

346.00

376.65

376.77

1,41,084

18.34

31/10/12

385.10

391.45

372.00

384.30

382.86

4,08,352

91.81

1/11/12

381.50

409.90

378.45

386.55

392.68

3,17,898

67.30

2/11/12

391.00

428.45

388.00

420.05

414.71

2,07,371

22.30

5/11/12

420.05

434.90

420.00

427.60

427.59

79,167

23.70

6/11/12

430.00

433.20

422.00

425.50

427.75

25,834

31.59

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