This company of Baba Ramdev made a profit of Rs 2.5 lakh in September
The shares of Baba Ramdev Backed Patanjali Foods have touched the level of life time high for the second consecutive day. After climbing to a new record high on Tuesday, the share price of Patanjali Foods opened upwards today and reached a new record high of Rs 1471.50 on BSE. Climbing to new highs, this FMCG stock hit the upper circuit for the second consecutive day. Let us tell you that in the month of September, the company’s stock has seen a rise of more than Rs 250. An investor holding thousand shares of the company has earned a profit of Rs 2.5 lakh in PAN at this time.
Shares of the company can go up to Rs 1,900
According to stock market experts, Patanjali Group has presented a clear five-year business plan and announced four new IPOs in the next five years. According to experts, the price of Patanjali Foods is rising and it can go to the level of Rs 1900 in the short term. He advised the new investors and shareholders of the stock to maintain a stop loss at Rs 1200 and hold the stock for a short term target of Rs 1900.
Market cap exceeded 52 thousand crores
On the stock price outlook of Baba Ramdev-backed Patanjali Foods, Anuj Gupta, Vice President-Research, IIFL Securities said that on the chart pattern, the stock of Patanjali Foods looks strong. The market is also keeping a lot of expectations from Patanjali Foods. Baba Ramdev’s Patanjali Foods recently crossed the market cap of Rs 50,000 crore and is currently moving further to Rs 52,851.25 crore.
Patanjali to launch five IPOs in next five years
Recently, at a press conference in New Delhi, yoga guru Baba Ramdev laid out a blueprint of the group’s business in the coming years. In which people were informed that the company will bring five IPOs in the next four years. He even named Patanjali’s IPO as Patanjali Wellness, Patanjali Ayurveda, Patanjali Medicine and Patanjali Lifestyle. From which the group has made a plan to collect one lakh crore rupees.
2.5 lakh made profit in September
In terms of investors, in the month of September, investors have made a profit of more than Rs 250 per share. The company’s stock has given a return of more than 20 percent in the current month. The company’s stock was at Rs 1,220.60 on August 30, which increased to Rs 1,471.50 today. This means that if an investor had 1,000 shares, he would have made a profit of Rs 2.5 lakh per profit of Rs 250.
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