Baba Ramdev’s company Patanjali Foods has announced for the first time that it has earned around 2500 crores. Yes, this is true. In fact, Patanjali Foods is preparing to give bonus shares to investors for the first time. It has been announced to consider it on 17 July. After which the company’s shares were on it. At one time, the company’s stock had crossed Rs 1750. But after the stock market was closed, the company’s stock saw a rise of 4 percent. Due to which the market cap of the company saw an increase of about 2500 crores.
Company shares increase tremendous
According to BSE data, the shares of Patanjali Foods have seen a tremendous rise of many days. According to the data, the company’s stock rose by 4.05 per cent to close at Rs 1743.15. However, the company’s share reached the day high with Rs 1751.70 during the business session. However, the company’s stock was opened with Rs 1675.35. On 4 September 2024, the company’s stock reached 52 weeks high with Rs 2,030.00. For this reason, the share of the company is being seen below 14 percent from the record high. According to experts, in the coming days, the shares of Patanjali Foods can be seen further.
About 2,500 crores profit
Due to the boom in the company’s shares, there has been a good increase in the market cap of Patanjali Foods, which is about 2500 crores. Looking at the data, the market cap of the company was seen on 14 July i.e. a day earlier, 60,732.49 crore rupees, which reached Rs 63,190.29 crore by the closure of the stock market on Tuesday. This means that the company’s market cap got an increase of Rs 2,457.8 crore. According to experts, the company’s target is to be taken to the market cap of 70 thousand crores as soon as possible.
Why did the company’s shares rise?
The shares of Patanjali Foods have not seen the same. She can soon give a big gift to her shareholders. According to the information, Patanjali Foods can announce the issue of bonus shares for the first time. Giving information to the stock market, the company said that the company board will discuss issuing bonus shares on July 17. Baba Ramdev’s parent company bought Ruchi Soya in the year 2019, which was changed to Patanjali Foods in 2022. After that the company’s FPO of Rs 4300 crore was brought.