Patanjali Foods Share Price: Patanjali Foods tumbles 4% after over 1 crore shares change hands via block deal

Patanjali Foods Share Price: Patanjali Foods tumbles 4% after over 1 crore shares change hands via block deal

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

Systematix initiates coverage on Patanjali Foods with buy rating, sees 24% upside

Systematix initiates coverage on Patanjali Foods with buy rating, sees 24% upside

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