Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction. According to the bulk deal data available on the NSE, US-based asset management firm GQG Partners purchased 45.03 … Read more
Shares of Patanjali Foods fell by 4% on the BSE today, reaching a day’s low of Rs 1,855.10. This decline occurred following a block deal where 1.2 crore shares, or 3.3% of equity, worth Rs 2,223.4 crore changed hands. According to reports, the floor price was set at Rs 1,815, and the promoters are believed … Read more
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Brokerage firm Systematix has initiated coverage on Patanjali Foods with a ‘Buy’ rating and a target price of Rs 2,259. This represents an upside potential of 24% from the previous closing price of Rs 1,828.50 per share. In its coverage initiation, Systematix highlighted Patanjali Foods’ aggressive palm oil plantation plan within its edible oils business. … Read more
Equity indices tumbled on Friday as investors preferred to book profits after four days of record-breaking rally and weak trends from global markets. In today’s trade, shares of IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, JSW Steel among others will be in focus due to news developments and quarterly results. IDBI Bank, Suzlon … Read more
Domestic markets opened on a flat note but soon bulls took over and brought some gains to start the week on a high. In today’s trade, shares of Patanjali Foods, IOL Chemicals, Carysil, Tata Steel, Coal India among others will be in focus due to various news developments. Coal India State-owned CIL’s coal production rose … Read more
May 26, 2024, 09:52:45 AM IST Mutual fund managers continuously add or subtract stocks from their portfolios to generate better returns. Here are the top 10 midcap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. Agencies MFs held 3 lakh shares of Patanjali Foods in April against 5 … Read more
Shares of FMCG player Patanjali Foods dropped 4% on Wednesday to the day’s low of Rs 1,555.55 on the NSE a day after the Supreme Court (SC) issued notices to Baba Ramdev and Acharya Balakrishnan and asked why contempt proceedings should not be initiated against them for violating its orders. Patanjali Ayurved has been restrained … Read more
