HomeLifestyleMany companies of yoga guru Ramdev are going to bring IPO, tremendous...

Many companies of yoga guru Ramdev are going to bring IPO, tremendous rise in the stock of Patanjali Foods

Highlights

At least 4 companies of Baba Ramdev are going to bring IPO.
Patanjali Foods is already listed in the market and buying is going on in its shares.
The companies whose IPO will come include Patanjali Ayurved and Patanjali Medicine.

New Delhi. IPO of at least 4 companies of yoga guru Ramdev is about to come. He said this during a conversation with a news channel. Ramdev told that the names of the companies whose IPO is planned are Patanjali Ayurved, Patanjali Wellness, Patanjali Medicine and Patanjali Lifestyle. These IPOs will come within the next 5 years.

Another company of Ramdev, Patanjali Foods is already listed in the stock market. Actually, Patanjali Ayurved had acquired Ruchi Soya in 2019 which was a listed company. In the same year, Ruchi Soya’s name was changed to Patanjali Foods. The deal was worth around Rs 4,300 crore.

Also read- Government is considering changes in insurance law, minimum capital requirement will be less

Patanjali Foods stock at 52-week high
On Friday, the shares of Patanjali Foods closed at Rs 1380.35. During trading, this stock had reached Rs 1400 on BSE, which is its highest level of 52 weeks. Its shares are showing a very slight increase in early trade on Monday. According to experts, the price of the company’s shares can go up to Rs 1725. In a report by research firm Antique, this stock has been given a buy rating. This stock has given a return of about 10 percent in the last 1 week. At the same time, in 1 month, the stock has given a profit of 12.89 percent to the investors. Whereas the stock has gone up 53 percent in the last 6 months. Patanjali Foods has emerged as the fastest growing FMCG company in the country in the recent past. The company also sells various types of edible oils.

patanjali will cultivate palm
The company plans to cultivate palm on more than 15 lakh acres of land. The company is targeting to make an annual profit of Rs 2 thousand crore from this business in the next 5-7 years. The company had on August 31 laid the foundation stone of an oil palm mill in Arunachal Pradesh. The company will plant palm trees in 9 districts of the state. It is worth noting that oil can be extracted from a tree for about 40 years. Baba Ramdev says that he wants to keep Patanjali Foods debt free. Let us tell you that the market cap of Patanjali Foods has crossed the level of Rs 50,000 crore.

Tags: Baba Ramdev, Business news in hindi, IPO, Patanjali Ayurved Limited, Patanjali Products

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments