Patanjali Ayurved Foods Limited, an FMCG company stock prices rise to Rs 1,393 from Rs 21 in the last 5 years on the Bombay Stock Exchange (BSE), giving 6250 percent of returns to its investors. The company has grown exponentially since 2019.
Patanjali Ayurved, an FMCG (Fast Moving Consumer Goods) company was established in 2006 by Baba Ramdev and Acharya Balkrishna, with Balkrishna owning 94% of the company shares. The Company is soon going to launch its IPO (Initial Public Offering) for four of its Companies: Patanjali Ayurved, Patanjali Lifestyle, Patanjali Wellness and Patanjali Medicine which will be listed on the stock exchange in the next five years.
Patanjali Ayurved
Patanjali Ayurved Foods shares emerged as a multi-bagger as the stock price crossed Rs 50000 crore market capitalisation on Friday. It has given a 105% return within the span of 2 years. In December 2019, Patanjali Ayurved acquired Ruchi Soya Industries which was already listed on the stock exchange, changing the name to Patanjali Foods, for Rs 4,350 crores. Experts advise a green signal for BUY, as the stock will continue to perform well in the market.
Patanjali Foods is among the ones paying dividends to its investors. The shareholders will be getting Rs 5/- per equity share as dividends. The company aims to sell a 6 percent additional promoters’ stake by the end of December. The date fixed is September 26, 2022, by the board of directors. In an interview with a channel, Baba Ramdev said that the company plans to make its own world’s largest palm plantation company. He further said the company aims to raise Rs 2000 crore profit from its palm oil business.
Patanjali Foods’ share hit its 52-week high at Rs 1415/- on BSE, closing on Friday. The share price closed at Rs 1388.65, with a perfect triangle pattern breakout for the past few weeks. The company has already generated a revenue of Rs 24205 crores by raising in this financial year 2022, 48 percent more compared to its previous financial year.
Patanjali Food plans to start a large-scale Oil palm plantation on 38,000 hectares across the Northeast region in India. The company aims to make India free from importing edible oils by meeting the rising edible oil demand in India. The company has planted palm trees across 15 lakh acres of land, which will continue to yield palm oil for the next 40 years.
Patanjali Foods Ltd. currently engages in the production of edible oils, vanaspati, bakery fats, and soya foods.
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