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|