New Delhi: It appears that Patanjali Foods shares have regained their previous momentum. Since December 15th, the company’s shares have gained nearly 7%, resulting in an increase of approximately ₹3,900 crore for investors. Notably, this rise has once again pushed the company’s valuation past ₹61,000 crore. Today, Friday, Patanjali Foods shares have gained nearly 2.75% during the trading session.
Rise in shares
Patanjali shares are seeing a significant rise on the last trading day of the week. At 12:50 pm, the company’s shares are up 1.20 per cent and are priced at ₹558.30. During the trading session, the company’s shares rose 2.75 per cent to reach ₹566.85. The company’s shares opened at ₹555.65, while they closed at ₹551.70 the previous day. The company’s shares have risen more than 13 per cent from their 52-week low on Friday. The company’s shares had previously reached their 52-week low of ₹500 earlier today. Following this, the company’s shares have seen a significant surge.
How much growth in four consecutive days?
The company’s shares have been rising for four consecutive days. Since Monday, December 15th, the company’s shares have been steadily rising. According to BSE data, the company’s shares closed at ₹531.20 on December 15th, rising to ₹566.85 on December 19th. This means that the company’s shares have gained nearly 7%. However, in a single month, the company’s shares have fallen by more than 4%. In the past six months, the company’s shares have gained more than 2%. In the past five years, the company has generated approximately 61% returns for investors.
Revenues of Rs 3,900 crore
The company’s valuation has seen a significant increase due to the four consecutive days of gains. Looking at the data, the company’s valuation was ₹57,785.44 crore on December 15th, which reached ₹61,663.54 crore during the trading session on December 19th. This means that the company’s valuation, or rather, investors’ profit, has been ₹3,878.1 crore during this period. The company is growing steadily. Experts believe that the company’s shares may see further gains in the coming days.