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