Up 47% in 2.5 months; Bikaji Foods is MarketsMojo's pick of the month for June

MarketsMojo picks Bikaji Foods as the top pick for June, expecting high returns for medium-risk investors with less than 30% weightage in the sector. FMCG sector growth expected in FY2025.

After a 47 percent return in just 2 and a half months, brokerage house MarketsMojo has picked this snack brand Bikaji Foods International as its top pick of the month for June. The brokerage believes it is a good pick for medium-risk investors expecting high returns. It also advised investors to have less than 30 percent weightage in this sector.

The brokerage pointed out that Bikaji Foods has been a pioneer in India's ethnic snacks industry, holding a 9.6 percent market share as of September 2023. Under the government's PLI scheme, the company has invested accordingly and received a benefit of ₹93.6 crore. Without further investments, Bikaji is set to receive PLI benefits for the next three years.