Bengaluru, Aug. 7 -- The share of a packaged food manufacturer witnessed selling pressure after a promoter led block deal triggered a sharp fall in early trade. The stock slipped over 1.6 percent intraday before stabilizing, even as investors showed mixed reactions to the development and the company's modest Q1 performance.

Bikaji Foods International Ltd, with a market capitalization of Rs. 18,333.36 crore, opened at Rs. 727 against a previous close of Rs. 733.65. The stock touched an intraday low of Rs. 721.20, marking a decline of 1.69 percent from the previous close.

What's the News?

Promoters of Bikaji Foods International, Mr. Deepak Agarwal and Mr. Shiv Ratan Agarwal, sold a total of 25 lakh equity shares in a block deal, with eac...