Baba Ramdev-backed Patanjali Foods shares fall 50,000 market cap. In the last 5 years, the share price of Patanjali Foods has increased from approx. from 21 1393 provides approximately 6,250 percent returns to its positional investors, at each level. However, in almost three years, this FMCG stock has grown from approx. 3.54 from each level The level of 1393 per share on the BSE, climbed up to 39,250 percent in this short time. Therefore, the stock remains a money-making stock for its shareholders. However, Baba Ramdev backed FMCG stock is still in an ‘uptrend’.
Stock hits new 52-week high
patanjali foods today share price upside open and went to intraday high 1415 each on BSE, which is a new 52-week high.
In the last four sessions, the share price of the Baba Ramdev-backed company has risen by approx. 1285 to 1415 at each level with an increase of more than 10 percent in these four straight sessions. The company aims to meet the demand for whole edible oil in India and wants to make India free from import of edible oil. To fulfill this objective, the company has planted palm trees in about 15 lakh acres of land which will continue to produce palm oil in the country for the next 40 years. On various platforms in India, yoga guru Baba Ramdev has been claiming that the company is aiming to increase its edible oil production capacity so that more and more edible oils are available in the domestic market to meet the growing demand for edible oil in India. can be supplied.
Getting ready to trade ex-dividend
This Baba Ramdev backed stock is also one of the dividend paying stocks in 2022. FMCG company announced 5 per equity share dividend to its shareholders. The board of directors of the company has fixed 26 September 2022 as the record date for payment of dividend. That means this Multibagger FMCG stock is going to trade ex-dividend on 23rd Sept 200 as 24th & 25th will be Saturday and Sunday and stock market will be closed on Saturday and Sunday.
Information Share Market Exchanging about the latest development regarding dividend payment, Patanjali Food Limited said, “As per Rule 42 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Register of Members of the Company and Share Transfer Books Closed. Tuesday, September 27, 2022 to Thursday, September 29, 2022 (both days inclusive) for the purpose of payment of dividend for the financial year (FY) 2021-22, if declared at the AGM. Accordingly, to determine The date for the purpose of the eligibility of the members of the Company to receive the dividend is Monday, the 26th September, 2022.”
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