The country’s largest institutional investor LIC has lost 66 thousand crores in the month of July. This disadvantage has not happened by anyone else but from the big bluechip companies of the country. Which included Mukesh Ambani’s Reliance Industries, Tata Group’s largest company TCS, Axis Bank, HCL Technologies, Infosys, Kotak Mahindra Bank, IDBI Bank etc. On the other hand, Patanjali Foods, one of the major FMCG companies of the country, has left no stone unturned to earn LIC. This means that the country’s bluechip companies have proved to be a loss deal for LIC, on the other hand, Patanjali has proved to be a profitable deal for LIC. Let us also tell you how much return Patanjali has given to LIC?
How much did Patanjali earn LIC
Patanjali Foods, one of the major FMCG companies of the country, may not have given the same return to LIC, but in LIC’s portfolio, Patanjali was definitely one of the companies that have given LIC returns in the falling market in the month of July. According to the report, Patanjali has given LIC a return of 14 percent in the month of July. If you look at it in the rupee, then the value of Patanjali’s investment in LIC’s portfolio has increased by Rs 768 crore. In addition to Patanjali, ICICI Bank and HDFC Bank have also given returns to LIC. On the other hand, JSW Steel, Maruti Suzuki and Ambuja Cements have also given positive returns.
How much benefit Patanjali is benefited in July
If we talk about Patnalji’s shares, then the company has benefited a big benefit in July. Patanjali Foods shares were at Rs 1,650.35 on the last trading day of June. Which has reached Rs 1,882.40 on 31 July. This means that Patanjali’s stock has seen an increase of Rs 232.05. If you talk about the market cap of the company, then there has been a good increase in it. On June 30, the company’s valuation was Rs 59,826.23 crore. Which has increased to Rs 68,238.19 crore on 31 July. This means that the company’s valuation has seen an increase of Rs 8,411.96 crore in a month.
What is the current status of the company’s shares?
If we talk about the current status of the company’s shares, then July 5 is trading at Rs 1,844.05 at Rs 1,844.05 at 12.20 pm. While the company’s stock also went to the lower level of the day with Rs 1,839.65. However, the company’s stock started with a decline at Rs 1,854.05. Whereas on Monday, the company’s stock was seen to be Rs 1,862.60. This means that in the month of August, the company’s stock has broken up to 2.27 percent.