Patanjali Foods, managed by Baba Ramdev, is producing tremendous profits for its investors. It is also recommended by research firms. Patanjali Foods' stock has seen a significant increase in the recent few days.
The positive trend continued on Monday as well; following the opening of trade today, the stock gained 5 percent to hit a new high of Rs 1,318.95.
The share price of Baba Ramdev's Patanjali Foods, formerly known as Ruchi Soya, is steadily rising. On Friday, August 2, its shares touched Rs 1,266.75 during trading on the BSE but were closed at 1,261.30 at the end of the stock market's trading day.
Patanjali Foods' stock price rises week after week and month after month. Its stock increased by more than 10% in the week ending August 2. In contrast, the price of shares has climbed by 12.89 percent in the previous month. Looking at its price during the previous six months, it has increased by 53.66 percent.
Observing the trajectory of Baba Ramdev's company's shares, research companies are predicting a beneficial transaction. Patanjali Foods got a BUY rating from domestic research company Antique, with a target price of Rs 1725 per share set for its shares. According to the firm's experts, the company is predicted to maintain its strong performance into the next fiscal year and generate up to 22% revenue.
Baba Ramdev's Patanjali Foods (PATANJALI FOODS MCap) now has a market capitalization of roughly Rs 45,658.41 crore. In terms of the share price increase, it was roughly Rs 26 in September 2017. This share's price has risen to Rs 613 in three years, until September 2020. At the same time, the share price fell to Rs 13.18.95 on Monday, September 5. Patanjali Foods is the country's largest producer of edible oil.
