HomeLifestyleMultibagger Stock: Patanjali Foods made bumper earnings, gave 39,000% return in 3...

Multibagger Stock: Patanjali Foods made bumper earnings, gave 39,000% return in 3 years, today at 52-week high

Highlights

The company has announced a dividend of Rs 5 per share to the shareholders.
The market capitalization of the company has crossed Rs 50,000 crore.
In the last one month, this stock has gained 26.35 percent.

New Delhi. Baba Ramdev-backed Patanjali Foods shares today, on Monday 12 September, are also up. In the last 4 trading sessions only, this multibagger stock has gained 10 percent. This stock has given 39,250 percent return to its investors in 3 years. Now the company has announced to give dividend to the shareholders at the rate of Rs 5 per share.

3 years ago the share price of Patanjali Foods was Rs 3.54. It has now increased to Rs 1,415. On Monday, the shares of Patanjali Foods opened with a boom and in intraday the stock jumped by about 1.20 per cent to Rs 1,415 on the BSE. By the time of writing the news, this stock gained 1.09 percent to reach Rs 1,395.

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Rich in 3 years
According to a report by Live Mint, the shares of Patanjali Foods have been bullish for the last 3 years. The stock has given 39,250 per cent returns to the investors during this period. In the last one month, this stock has gained 26.35 percent. Similarly, this multibagger stock has gained 44.65 per cent in the last 6 months. So far in the year 2022, 63.67 percent returns have been given to the investors in the shares of Patanjali Foods. The stock has gained about 31 per cent in one year.

Market cap of 50 thousand crores
With the recent rise in the shares of Patanjali Foods, the market capitalization of the company has crossed Rs 50,000 crore. The company says that its intention is to meet India’s demand for edible oils and make India self-reliant in this sector. For this, the company has planned to plant palm trees on 15 lakh acres of land. Palm seeds will be available from these trees for 40 years, from which palm oil will be made.

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The company will give dividend
Patanjali Foods has decided to give dividend to the shareholders this year. FFCG company has decided to pay dividend of Rs 5 per equity share to the shareholders. The company has declared 26th as the record date for dividend payment. This means that this stock will become ex-dividend on 23rd September as there will be a holiday in the stock market on 24th and 25th September due to Saturday and Sunday.

Tags: Baba Ramdev, Business news in hindi, Multibagger stock, Share market, stock market

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