The country’s emerging FMCG company Patanjali has benefited greatly in this festive season. In fact, an increase of 2 percent has been seen in the shares of the company. Due to this increase, there has been an increase of Rs 1262 crore in the valuation of the company. If experts are to be believed, Patanjali’s shares may see further increase in the coming days. Ever since the GST reform has taken place and the festive season has started, the company has seen an increase in sales. Due to which the shares of the company have also seen an increase. Let us also tell you what kind of story the company’s share figures are telling.
Increase in festive season
The festive season had started from the very first day of October and the company’s shares had also started rising. According to BSE data, the price of the company’s shares on September 30 was Rs 577.30. Which has increased to Rs 588.90 on October 20. This means that the shares of the company have seen an increase of 2 percent i.e. Rs 11.6 in the festive season. However, the company’s shares closed on flat trading on Monday. If we look at the data, it closed at Rs 588.90 with a decline of 0.23 percent. The company started at Rs 592.85, while the company’s shares reached the day’s high at Rs 593.30. However, a day ago the company’s share was Rs 590.25.
The company got huge profit
20 days have passed since the beginning of the festive season i.e. October. These days, there has also been an increase in the valuation of the company. When the company’s shares closed on September 30, its valuation was Rs 62,800.33 crore. By the time the stock market closed on Monday, the market cap of the company had reached Rs 64,062.21 crore. This means that there has been an increase of Rs 1,261.88 crore in the valuation of the company. If experts are to be believed, the company’s shares may see further rise in the coming days and the valuation may cross Rs 70 thousand crores.