Baba Ramdev’s company Patanjali Foods has announced for the first time that it has earned around Rs 2500 crore. Yes, this is true. In fact, Patanjali Foods is preparing for the first time to share bonus shares to investors. It has been announced on July 17 to consider this. After which the wings of the company’s shares came and they climbed up. At one time the company’s stock crossed Rs 1750. But after the stock market closed, the company’s stock saw an increase of 4 %. As a result, the market cap of the company saw an increase of around Rs 2500 crore.
The company’s stock price hike tremendous
According to BSE data, shares of Patanjali Foods have seen a tremendous increase for several days. According to the data, the company’s stock closed 4.05 per cent and closed at Rs 1743.15. By the way, the company’s share also reached the highest level of the day with Rs 1751.70 during the trading session. By the way, the company’s stock opened with Rs 1675.35. On September 4, 2024, the company’s stock reached the highest level of 52 weeks of Rs 2,030.00. Because of this, the company’s stock record is showing more than 14 percent below the high level. According to experts, shares of Patanjali Foods may see more growth in the coming days.
A profit of about 2,500 crores
Due to the rise in the company’s stock, the market cap of Patanjali Foods has also seen a good increase, which is around Rs 2500 crore. If we look at the data, on July 14, the day before, the company’s market cap was Rs 60,732.49 crore, which reached Rs 63,190.29 crore when the stock market closed on Tuesday. This means that the company’s market cap has seen an increase of Rs 2457.8 crore. According to experts, the company’s aim is to carry the market cap more than Rs 70 thousand crore as soon as possible.
Why did the company’s shares grow?
Patanjali Foods’ stock has not seen such an increase. He can soon give a big gift to his shareholders. According to the information available, Patanjali Foods may announce a bonus share for the first time. Informing the stock market, the company said that the company board would discuss the issue of bonus shares on July 17. Baba Ramdev’s parent company bought Ruchi Soya in 2019, renamed as Patanjali Foods in 2022. Subsequently, the company’s FPO was brought to Rs 4300 crore.
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