GOPAL.NSE

Gopal Snacks Ltd.

Bipin Hadwani turned a Rs 4,500 snack-selling venture into Gopal Snacks, a Rs 5,507 crore company, becoming India's 4th-largest traditional snack brand.

Mid & Small Caps Crash 20% from Highs, BSE Indices Drop 2-3% as Selling Pressure Intensifies, Rs 24 Lakh Crore Lost in Six-Day Selloff The Indian stock market experienced another significant drop on February 12, with the Sensex plummeting over 700 points and the Nifty falling below 22,900. Mid-cap and small-cap indices entered bear market territory after declining nearly 20% from their all-time highs. This selloff marked the sixth consecutive session of losses, driven by global trade tensions, inflation worries, and profit-taking. Market Bloodbath Wipes Out Rs 7 Lakh Crore Benchmark indices remained firmly under the clutches of the sell-off, with market capitalization worth Rs 7 lakh crore getting wiped out in one session. The losses in the last six trading days aggregated to Rs 24 lakh crore. By 10:10 AM, the Sensex was trading at 75,547, down 745 points (0.9%), and the Nifty was at 22,850, down 221 points (0.9%). Two stock declines for every one rise, as 2,829 shares traded in the red versus only 455 gainers.

Venu Srinivasan, chairman Emeritus and MD of the company, sold 14.16 lakhs shares, a 6.99 percent stake at an average price of Rs 1239.99.

Gopal Snacks traded with volume of 84.63 lakh equity shares and market capitalisation of Rs 4,519 crore on NSE

Expensive valuations, selloff in mid and smallcaps and stiff competition from rivals are some of the reason analysts gave for the disappointing listing