The time is right for Prataap Snacks investors to cash in the chips
Following the Avadh Snacks acquisition, Prataap Snacks shares is now priced for such perfection that there seems no room for any error
The phrase “cheap as chips" clearly doesn’t apply to manufacturers of potato chips in India. Prataap Snacks Ltd, which sells potato chips and other snacks, was valued at 58 times trailing earnings early this week. That was before it announced the acquisition of a majority stake in Avadh Snacks Pvt. Ltd for a sum of ₹ 148 crore.